Member Article

CBRE Manchester completes Calypso deal

Acting on behalf of Stainton International, CBRE’s Manchester Capital Markets team has sold a 74,712 sq ft industrial unit in Wrexham.

The unit is occupied by Calypso Soft Drinks Ltd and was sold to Target Real Estate for £2.5m representing a Net Initial Yield of 8.42%.

Calypso Soft Drinks Ltd is in occupation on a 15 year lease until 2020 and the firm has a long-standing commitment to the area, with its UK Head Office operations located adjacent to the unit.

Director of capital markets at CBRE’s Manchester office, Robert Woods, said; “We were pleased to act on behalf of Stainton International in the sale of the Calypso facility to Target Real Estate.

“The property is located within one of the North West’s most acclaimed industrial estates and close to Wrexham, the principal commercial centre and largest town within North Wales. “Additionally, Calypso’s commitment to the immediate locality indicates long-term rental security for Target Real Estate.”

This was posted in Bdaily's Members' News section by Sophia Taha .