Investment

NEWCASTLE-UNDER-LYME INDUSTRIAL ESTATE SOLD FOR OVER £11MILLION

Agents Harris Lamb have sold a commercial estate in Newcastle-under-Lyme for £11,150,000. Parkhouse Industrial Estate on Brookhouse Road was sold on behalf of BlackRock Industrial Trust, for whom Harris Lamb initially acquired the estate in 2014 for £6,400,000. Comprising of 13 units, totalling 155,000 sq ft, Canmoor was appointed to… Read More
21
November
2019
Investment
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DERBY WAREHOUSE SOLD TO INTERNATIONAL INVESTMENT FUND FOR OVER £9MILLION

Harris Lamb’s Investment team has sold a Derbyshire warehouse for more than £9million to an international investment fund. Gilbert House, a bespoke 108,000 sq ft distribution facility on Denby Hall Business Park in Derby, was built and fitted out for Lockwood Haulage further to a pre-let last November. Acting for… Read More
29
October
2019
Investment
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HARRIS LAMB ACQUIRES DERBY OFFICE BUILDING FOR PRIVATE INVESTMENT PORTFOLIO

Investment specialists at Harris Lamb have acquired a Derby office building on behalf of a private client for more than £1.4million. The team was tasked with identifying a suitable office investment to complement an existing portfolio of Midlands properties, and further to a competitive bidding process overseen by Innes England,… Read More
23
October
2019
Investment
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HISTORIC NEWCASTLE BALLROOM PLACED ON THE MARKET FOR REDEVELOPMENT

A former nightclub and dance hall in Newcastle-under-Lyme has been placed on the market for redevelopment. The Crystal Buildings, formerly known as The Crystal Ballroom and latterly Zanzibar, on Brunswick Street, occupies a 0.89-acre site and comprises of 36,000 sq ft of space set over three floors, and is now… Read More
11
October
2019
Commercial Agency
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MOORCROFT POTTERY’S COBRIDGE MANUFACTURING SITE BOUGHT BY INVESTORS IN SALE AND LEASEBACK DEAL

Investment agents at Harris Lamb have overseen the sale and leaseback of a manufacturing and showroom unit in Stoke-on-Trent on behalf of Moorcroft Pottery. W Moorcroft – trading as Moorcroft Pottery – instructed the business to sell The Phoenix Works building on Nile Street in Cobridge on a Sale and… Read More
16
September
2019
Investment
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WELLINGTON INDUSTRIAL ESTATE SOLD TO HORTONS ESTATE FOR MORE THAN £11 MILLION

A Dudley industrial estate has been sold for more than the £11.25 million asking price as investors continue to capitalise on the demand for stock in the West Midlands. Investment agents at property consultants Harris Lamb and joint agents Maclaren & Partners acted on behalf of Skelton Group to market… Read More
07
May
2019
Investment
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POTTERIES DAY NURSERY BOUGHT BY INVESTOR ON SALE-AND-LEASEBACK BASIS

Investment agents at Harris Lamb have acquired a children’s day nursery in Stoke-on-Trent on behalf of a private client. The day nursery, located in a busy area of the Potteries, has been purchased for £395,000 on the investor’s behalf on a sale-and-leaseback basis. The transaction enables the business to invest… Read More
23
April
2019
Investment
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NOTTINGHAM STUDENT INVESTMENT PLACED ON THE MARKET FOR £2.5 MILLION

Harris Lamb has been instructed to market a student accommodation investment in Nottingham. The city centre site 72-74 St James Street, comprises of 47 student bedrooms with amenities, located off Maid Marion Way. The owners are seeking £2.5 million for the opportunity. David Walton, Director, said: “As a thriving university… Read More
27
March
2019
Investment
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DUDLEY INDUSTRIAL ESTATE SOLD TO AEW

A Dudley industrial estate has been sold to an asset management specialist for an undisclosed sum, with plans in place to build new units and upgrade the existing facilities at the site. Harris Lamb was instructed to sell Grazebrook Industrial Park in Peartree Lane by the owners of the… Read More
07
January
2019
Investment
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LONG-LET DERBYSHIRE WAREHOUSE SOLD TO PRIVATE INVESTORS FOR MORE THAN £13 MILLION

Harris Lamb has completed the sale of a Derbyshire industrial building for more than £13 million. The business’ Investment team was instructed by Garner Holdings to market Liniar House, a new-build two-bay warehouse at Denby Business Park, with a net initial yield… Read More
20
December
2018
Investment
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