Leeds industrial estate acquired by London property investment fund in £3.8m deal
A West Yorkshire industrial estate has been acquired by a property investment fund in a multi-million pound deal.
Eagle Industrial Estate in Leeds has been acquired for £3.8m by the fund, which is managed by London-based property investment company JR Capital and industrial asset manager Chancerygate.
Situated around one mile from Leeds city centre, Eagle Industrial Estate comprises 55,700 sq ft of industrial space, including seven units ranging in size from 3,000 sq ft to 13,000 sq ft and a 0.25-acre open storage yard.
Home furnishing Instore Direct, display and signage specialist BSW, traffic management sub-contractor Premier Traffic Management and fishing and angling retailer Bobco Fishing Tackle are among the existing businesses at the park.
This acquisition is the latest for the fund, which is looking to grow its industrial portfolio with sites across the UK.
JR Capital investment manager, Caleb Stewart, commented: “This is a welcome addition to our growing portfolio and increases the fund’s presence in West Yorkshire following our acquisition of Sandbeds Trading Estate in Ossett last year.
“Eagle Industrial Estate is positioned in an excellent urban logistics location, around one mile from Leeds city centre and providing easy access to the M62.”
Chancerygate asset manager, David Tyson, added: “Eagle Industrial Park is home to a number of diverse, well-established businesses and is ideally placed in a prime location. These are exactly the type of strong fundamentals we look for when investing.
“We’re really pleased to have been able to add Eagle Industrial Park to our portfolio in the region and look forward to announcing further investments for the fund across the UK throughout 2021.”
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