Firethorn Trust has acquired a 432,166 sq ft logistics asset in Warrington for an undisclosed sum.
The asset, which comprises an ambient storage facility, a cold store and ancillary office space, is located on a 21.5-acre site at Hardwick Grange, Woolston, and is fully let on a long-term lease to supermarket chain Morrisons. Firethorn will manage the asset as owner and landlord.
Chris Beer, senior associate at Firethorn Trust, said: “Having recently reached practical completion at Link Logistics Park, Ellesmere Port, we are pleased to be expanding our portfolio in the North West, which continues to be a leading industrial hub.
“The acquisition of Hardwick Grange reflects our ongoing commitment to the logistics market, as we look to allocate capital in prime locations across the UK this year. Being ambitious and agile, we are well equipped to seek out income and long-term investment potential, as well as strategic land opportunities, amid the evolving market conditions. We are actively pursuing opportunities to deploy significant balance sheet capital into further acquisition and development across the sector.”
Firethorn Trust was advised by Colliers and Klipa on agency and Maples Teesdale on the legals.
