Posted on July - 29 - 2011
Langtree Group acquires Warrington Central Trading Estate from Aviva in £3m deal
Commercial property developer Langtree Group has announced the acquisition of the Warrington Central Trading Estate in a deal worth more than £3m.
The 11-acre site, next to Warrington Wolves’ stadium, was sold by Aviva.
Langtree, which is based at Newton-le-Willows and has sites across the north west, said the 120,000 sq ft complex is only 50 per cent let and has huge long-term potential.
Martin Mellor, property director at Langtree, said: “We will shortly start work on a substantial upgrade programme to enhance the site. We feel that these works, combined with the location, will position the estate to attract new tenants.”
Mr Mellor said Langtree remains on the acquisition trail and expects to complete more deals this year.
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