Company News

Recent Activity & Business Updates

HMG ACQUIRE BISHOPS COURT

Property Investment Company The Hollins Murray Group (HMG) has acquired Bishops Court in Winwick Quay, Warrington for £4.25m amidst strong competition.

Bishops Court is a modern multi-let industrial estate comprising 8 semi-detached industrial units and extending to 110,000 sqft. It is located in an established industrial location next to junction 9 of the M62 motorway and within 1.5 miles from Warrington town centre.

5 out of the 8 units on Bishops Court are let to occupiers including, Bliss Supplies, Newton-Le-Willows Blinds, Optibelt, Waveguide Lighting Limited and Fridge Rentals. Post completion of the purchase, HMG have let the three remaining units to Yodel and Secured Mail.

Nick Casson, CEO comments: – “We are delighted to have secured such a high profile industrial estate investment in Winwick Quay in such a competitive market.  Bishops Court gives us the opportunity to put our in house asset management skills to work and I am confident that we will add a considerable amount of value. When we purchased the estate, 68,000 sqft was vacant and it is testament to the quality of this asset that we were able to complete 3 new leases in relation to each unit within a month of completion of our purchase. The rental income on purchase was £239,000pa which has risen to more than £430,000 pa as a result of the recent lettings”

King Street Commercial acted for HMG. WHR acted for the seller.

 

Back to news
yard-area-website