Hurstwood Holdings, the Manchester based investment and development company, has boosted its growing £150 million property portfolio following the acquisition of Universal House, a 23,705 sq ft office building for an undisclosed amount. The modern headquarter building is fully let to Bentley Motors Limited on a long term lease.
The three storey building is situated on a 4.13 acre site on the popular Midpoint 18 Business Park, which is close to junction 18 of the M6 motorway and is home to a number of blue chip occupiers including Optima Logistics, B&M Bargains, Wincanton, Kuehne and Nagel, and Scottish Power.
Stephen Ashworth, Chairman of Hurstwood Holdings, commented: “As a nationwide commercial property investor, we manage more than 650 occupiers over 100 sites across the country and we are especially pleased to add this first class business such as Bentley to our growing list of top quality.”
Avison Young acted on behalf of Hurstwood Holdings with Gateleys providing the legal advice. The vendor, a private investor, was represented by B8.