Wincanton sells site for £3.6m

Monday, 17th September 2012

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The Chippenham-based business has sold the Ocean Trading Estate in Manchester to Legal & General Property. The site at Trafford Park totals 7.68 acres and has an internal warehousing space of 123,142 sq ft.

Wincanton has also sublet a 217,833 sq ft distribution space in Essex to Poundland. The site, at RD Park in Hoddesdon, has been let on a lease expiring in December 2015.

Wincanton was advised by Savills and Cushman and Wakefield. Poundland Ltd was represented by BNP Paribas Real Estate. Legal and General was advised by Moriarty & Co.

Stuart Murray, industrial director at Savills, said: “Having been retained in January to advise Wincanton on its strategy to dispose of vacant warehouse facilities that are surplus to current requirements, we are pleased to have secured these two deals.

“We are looking forward to continuing our role with them and progressing the asset management strategy jointly with Cushman and Wakefield throughout the UK.”

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