B8RE completes sales worth £4million for Network Space Investments

The assets include a 23,012 sq ft detached unit in Skelmersdale

Industrial property specialist B8RE has completed the disposal of two single let assets in the North West on behalf of Network Space Investments (NSI). The two sales sold in excess of £4m, with both achieving ahead of quote after competitive bidding processes.

The assets include a 23,012 sq ft detached unit in Skelmersdale on a 3.2-acre site, let to RMD Kwikform, and a detached modern 12,072 sq ft detached unit in Knowsley occupied by Greenbridge Technology.

Speaking about the transactions, Joe Sinclair, Associate Director at B8RE commented: “We are delighted to complete the sale of these assets, bringing to a close a successful business plan for NSI. We were able to generate extremely strong interest with over 20 viewings across both sales, highlighting the depth of investor demand for good quality assets, in strong North West industrial locations. In what remains a challenging market, it’s great to reach such a successful conclusion in quick timeframes working alongside NSI and the other parties”.

Tom Dawson, Managing Director at NSI commented: “In a challenging market, we are thrilled with the outcome of these recent disposals. We are eager to put those funds to good use and expand our portfolio. Our focus remains on single and multi-let industrial properties throughout the North. Whether its income generating assets, vacant assets, or estates with value-add and redevelopment potential”.

Edwards advised the Purchaser on Skelmersdale and PK3 advised the Purchaser on Knowsley.

Both assets were sold to private individuals.