Leeds-based commercial real estate company Crookshank Properties has acquired a 36,850 sq ft office park in Denton, Greater Manchester, for £6m from Amerdale Investments.
Called Ridgway Office Park, the site comprises three separate buildings and 221 car parking spaces. Occupiers include global leader in access solutions Assa Abloy, German confectionary company Kruger and French construction company Vinci.
This is the second commercial property purchase by Crookshank Properties in the North West within the last nine months. In December, the company bought the fully occupied 32,500 sq ft Hercules Business Park in Cheadle, near Stockport, for £5.1m from Royal London Asset Management.
A team from Yorkshire law firm Gordons including commercial property partner Michael Finnett, solicitor Jennifer Herdman and apprentice legal executive Ciaran Mallon advised Crookshank Properties on both acquisitions.
Commenting on the Ridgway Office Park deal, Crookshank Properties director, Bernard Meehan, said: “We are very pleased to have secured a highly sought-after asset in an ideal location. Completing this deal was one of life’s better experiences thanks to the practical advice and excellent attention to detail of our team at Gordons.
“With both Ridgway and Hercules now in our portfolio, we are actively assessing other investment opportunities in the north of England.”
Located east and south of Manchester respectively, Ridgway Office Park and Hercules Business Park both offer fast access to the M60, Manchester Airport and rail links.
B1 Real Estate represented the vendor and, Director, Jonathan Baucher comments “Throughout the sale process, we attracted a significant level of interest from both the institutional funds and regional property companies. The office park was well let to a diverse mix of occupiers – attracted to the scheme by the quality of product and its locational benefits.”