Hortons has acquired a warehouse unit in Skelmersdale in an off-market transaction from a UK-based investment fund for an undisclosed price.
The 157,458 sq ft property sits on a 8.85-acre site on Pimbo Industrial Estate close to Junction 5 of the M58 motorway and within three miles of the M6/M58 interchange.
The unit is let to Hotter Shoes on a 10-year lease and operates as its headquarters and as a manufacturing and logistics hub.
Steve Tommy, head of asset management at Hortons, said: “This is a prime industrial investment and an important step in further diversifying our portfolio. We remain focused on acquiring well let, income producing assets, and this acquisition demonstrates our willingness to look beyond our traditional Midlands base to secure the right opportunities.”
Hortons was represented by Lambert Smith Hampton and B8 Real Estate acted on behalf of the vendor.
