ST. MODWEN SELLS ECCLES CHEMICAL SITE FOR £8.27 MILLION

The UK’s leading regeneration specialist, St. Modwen has completed the sale of a chemical additive and manufacturing facility in Eccles to Friends Life Limited, in a £8.27 million deal.

The 22.6 acre site, which is located just off the M602 and north of Trafford Park at Lankro Way, Eccles, is fully let to Akcros Chemicals Limited for a further 21 years.

Steven Knowles, Regional Director, said: “We acquired this property in 2007 as part of a wider site. Akcros has traded successfully throughout that period. In line with our strategy for long let investments, this sale will allow us to focus on development and asset management opportunities. We have retained 14 acres adjacent to the site, which is earmarked for development in due course. We are actively seeking opportunities throughout the North West, which allow us to focus on our core skills, and have the funds ready to invest in the region.”

WSB Property Consultants provided real estate advice and Pinsent Mason Solicitors undertook the legal work.