Normanton industrial unit sells for over £8million in deal

A Wakefield-based business has facilitated an off-market sale of millions of pounds for an industrial unit in Normanton.
Onward Holdings acquired the building on Normanton Industrial Estate on Don Pedro Avenue in 2015.Onward Holdings acquired the building on Normanton Industrial Estate on Don Pedro Avenue in 2015.
Onward Holdings acquired the building on Normanton Industrial Estate on Don Pedro Avenue in 2015.

Normanton 108, a substantially refurbished and upgraded industrial unit has been acquired off-market from Onward Holdings by a private investor in an £8.6m deal.

Onward Holdings acquired the building on Normanton Industrial Estate on Don Pedro Avenue in 2015.

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Neil Storey, director of Onward Holdings, said: “We are a successful property company that invests in and cares about the community.

“Onward Holdings is helping to meet the requirement for jobs and flexible logistics facilities in this vital economic hub.

“There has been significant investment by Onward Holdings in Yorkshire warehouse facilities over the years – including the recent construction of Phoenix 66 built to the highest possible standards on the Green Lane Industrial Estate in Featherstone – which has attracted a wide range of companies to occupy space, bringing a much-needed jobs boost and business to the region.”

Garry Howes, director of investment at Gent Visick, who advised the sale, said: “Normanton 108 is a quality asset, that has been refurbished to a very high standard, as well as offering future development potential, and it’s let on a long lease to a reputable, international business.

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“All this made it an attractive investment opportunity for us to introduce to our client and then pro actively target on their behalf.

“We are delighted to complete yet another acquisition and we are currently in the process of exploring several other opportunities on behalf of clients throughout the UK.”

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