News Archive

St Modwen sells Huddersfield commercial investment

A 8,361 sq m ( 90,000 sq ft) warehouse and office building occupied by Brook Compton Ltd at St Thomas’ Road, Huddersfield, has been sold by St Modwen Ventures, a subsidiary of St. Modwen Properties PLC, to Bramall Properties for £2.975 million.

Earlier this year St. Modwen refurbished the building to enable Brook Compton to relocate into a more efficient facilitity having previously occupied larger ageing accommodation on the same site. Brook Compton has taken a 20-year lease on the property at a rent of £256,750 per annum.

The sale is in line with St. Modwen’s policy of disposing of assets to which it can no longer add substantial value by its own efforts.

Eddisons of Huddersfield acted for St. Modwen.

For further information contact Steve Prosser of St. Modwen on 01925 825950.

Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).