Langtree makes a move on Trafford Park
Unit B Guinness Circle, a single let industrial building, has been bought by Langtree's commercial property investment arm in a deal worth in excess of £1.6m with a private property company.
The 27,350 sq ft self-contained modern industrial unit, which is situated in an unrivalled premier industrial location close to the Guinness Circle Roundabout on Trafford Park, is tenanted to CCF Limited (a subsidiary of Travis Perkins Group) until 2021.
CCF has 29 outlets throughout the UK and the Trafford Park outlet is regularly ranked as their best performing.
Richard Ainscough, managing director at Langtree, says: "We are delighted to have acquired unit B Guinness Circle in a deal reflecting a yield approaching 9%."
"Langtree is an active investor in properties like this and we're keen to acquire more. We have a number of other possible acquisitions under consideration and I expect we'll be doing more deals in the coming months. It's certainly good to be on the continued acquisition trail."