LIPP Acquires Seventh Estate
15th March 2010
NG Chartered Surveyors acting for the Light Industrial Property Partnership have just acquired the Alfreton Trading Estate from Standard Life
The Light Industrial Property Partnership, the joint venture between Europa Capital Partners and M7 Real Estate.
The asset, LIPP’s seventh purchase, after reconfiguration of part the estate will comprise 246,500 sq ft of accommodation arranged in 17 units, and has been purchased for an undisclosed sum. The tenants on the estate include DFS Furniture, Medequip Assistive Technology, Excelpress and Celebrity Motion Furniture.
Charles Alcock, M7’s lead partner on the transaction commented, ‘This transaction represented a rare off market opportunity to acquire a well located asset, with a core of established tenants. We’re confident that this estate will perform extremely well for LIPP and will be a very strong compliment to the existing portfolio.’