St. Modwen, the UK’s leading regeneration specialist, has sold Sunset Business Park in Kearsley to an undisclosed buyer and for an undisclosed amount.
The 76,000 sq ft business park on a 5.4-acre site in Kearsley, Bolton, is 20 minutes from Manchester and fronts the A666. Tenants on the site include Vodafone and Panalux, a film and television facilities business.
St. Modwen acquired Sunset Business Park and added it to its portfolio in 2007.
David Nuttall, Development Manager “Having managed the estate for 10 years, reduced the voids we inherited and pushed the rents forward, the next logical step was for St. Modwen to exit.
“We can now focus our attention on our other assets where we can continue to add value through development and active management as well as looking to bring in further development opportunities.”
WSB Property Consultants and Pinsent Masons represented St. Modwen.