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The complex forms part of Wrexham Industrial Estate. Credit: via Google Earth
The Singapore-based investor paid more than £30m for the distribution facility, let to a subsidiary of e-commerce giant the Very Group.
Elite Partners Capital bought the 723,000 sq ft complex, which sits on a 46-acre site within the 1,360-acre Wrexham Industrial Estate, from an unnamed UK pension fund.
The asset, consisting of two detached industrial warehouse facilities, is let to Shop Direct Home Shopping, which pays £1.8m a year in rent.
The company holds two 10-year leases on the units, which were signed in June 2021.
B8 Real Estate acted for the vendor and Colliers advised EPC.
Victor Song, chief executive of Elite Partners Capital, said: “We believe that this asset is particularly well-placed to benefit from the highly dynamic logistics market in the UK, where the demand for logistics warehouses remains strong and resilient.”
The engineering giant’s nuclear division is seeking a site to manufacture the main elements of its proposed small modular reactor power station.
The two industrial buildings are part of FI Real Estate Management’s ambitions for 2.2m sq ft of new-build commercial space at Wrexham Industrial Estate.
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