A Morgan Stanley Real Estate Investing and C2 Capital joint venture, industrials.co.uk, has acquired a £20m portfolio ‐ taking the value of its investments through the £100m barrier.
It has bought Compass Industrial Park, in Liverpool, and Lea Green Business Park, in St Helens, in an off‐market deal from Network Space. The deal brings the joint venture’s portfolio to around 1.7m sq. ft across 23 multi‐let estates, just 15 months after its creation in January 2015.
Julian Carey, co-founder and Managing Director of C2 Capital, said:
“Over the coming months we plan to integrate Compass and Lea Green business parks into our wider national portfolio, which already includes two other estates in the North West in Bromborough and Liverpool city centre.
We hope to continue to grow our presence in the region as we expand our wider portfolio.”
Network Space was represented by B8 Real Estate and industrials.co.uk was represented by Buchanan Bond.