Cumbrian Industrial Estate Investment Acquired

Acting on behalf of a private client, PAI members for Cumbria & the Lake District, Peill & Company have acquired Fell View Trading Estate in an off-market deal from a London fund who are represented by Aston Rose, Chartered Surveyors in London. The estate is fully let, but has asset management opportunities and Peill & Company’s in-house property management department will be managing the estate going forward. Simon Adams of Peill & Company commented “We were pleased to be able to secure the acquisition of this industrial estate investment, particularly as an off-market deal from a London based fund as it fitted our clients’ strategy on acquisitions for strong regional industrial investments with good re-letting prospects and asset management opportunities. We worked closely with our London contacts to source the investment, which is to be held long term as part of our clients’ portfolio”. We are still actively seeking commercial investments in retail, industrial, office and leisure on behalf of retained clients throughout the north of England and southern Scotland.