Tue, 08/10/2019 - 10:07
Leeds-based commercial real estate company Crookshank Properties has acquired a 36,850 sq ft office park in Denton, Greater Manchester, for £6m from Amerdale Investments.
Called Ridgway Office Park, the site comprises three separate buildings and 221 car parking spaces. Occupiers include global leader in access solutions Assa Abloy, German confectionary company Kruger and French construction company Vinci.
This is the second commercial property purchase by Crookshank Properties in the North West within the last nine months. In December, the company bought the fully occupied 32,500 sq ft Hercules Business Park in Cheadle, near Stockport, for GBP5.1 million from Royal London Asset Management.
A team from Yorkshire law firm Gordons including commercial property partner Michael Finnett, solicitor Jennifer Herdman and apprentice legal executive Ciaran Mallon advised Crookshank Properties on both acquisitions.
Commenting on the Ridgway Office Park deal, Crookshank Properties director, Bernard Meehan, says: “We are very pleased to have secured a highly sought-after asset in an ideal location. Completing this deal was one of life’s better experiences thanks to the practical advice and excellent attention to detail of our team at Gordons.
“With both Ridgway and Hercules now in our portfolio, we are actively assessing other investment opportunities in the north of England.”
Located east and south of Manchester respectively, Ridgway Office Park and Hercules Business Park both offer fast access to the M60, Manchester Airport and rail links.
Gordons commercial property solicitor, Jennifer Herdman, adds: “This is another excellent acquisition for Crookshank Properties and represents a further strengthening of the company’s commercial property portfolio. We look forward to working with Bernard and his team on future deals.”
Gordons has offices in Leeds and Bradford and employs 200 people. The firm’s commercial property clients include retailers B&M, Heron Foods, Iceland Foods and Wren Kitchens as well as construction and high-performance materials manufacturer Saint Gobain.
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