Investor developer pins hopes on logistics

Liza Helps Property Editor Logistics Matters

THE COMPANY has just acquired a warehouse let to supermarket retailer Morrisons In Warrington in an off market deal for an undisclosed sum.

Firethorn Trust senior associate Chris Beer said: “The acquisition of Hardwick Grange reflects our ongoing commitment to the logistics market, as we look to allocate capital in prime locations across the UK this year.

“Being ambitious and agile, we are well equipped to seek out income and long-term investment potential, as well as strategic land opportunities, amid the evolving market conditions. We are actively pursuing opportunities to deploy significant balance sheet capital into further acquisition and development across the sector.”

Located on Hardwick Grange, Woolston in Warrington, the property comprises three units totalling 432,166 ft2, of an ambient storage facility, a cold store and ancillary office space.

The property is fully let under a long-term lease to the UK supermarket chain, Morrisons, and Firethorn will manage the asset as owner and landlord.

Firethorn Trust was advised by Colliers and Klipa on agency and Maples Teesdale on the legals.