Oxenwood buys passport facility
Oxenwood Real Estate has bought a Greater Manchester warehouse in which most of the UK’s passports are printed.
It has paid Curzon Advisers £8.2m, a 7.38% yield, for the facility, Transpennine 200 in Heywood, bought on behalf of Oxenwood Catalina, its joint venture with Catalina Holdings.
The acquisition follows the December 2016 purchases of two prime logistics facilities in Sheffield and Burton-upon-Trent for a combined £26m.
Oxenwood Real Estate has bought a Greater Manchester warehouse in which most of the UK’s passports are printed.
It has paid Curzon Advisers £8.2m, a 7.38% yield, for the facility, Transpennine 200 in Heywood, bought on behalf of Oxenwood Catalina, its joint venture with Catalina Holdings.
The acquisition follows the December 2016 purchases of two prime logistics facilities in Sheffield and Burton-upon-Trent for a combined £26m.
Transpennine 200, which totals 92,340 sq ft, is the principal passport-printing and distribution warehouse for the UK, producing 80% of all passports. It is let to the Secretary of State for Communities and Local Government until November 2021.
Stewart Little, joint chief executive of Oxenwood, said: “We continue to seek assets that are well located and of strategic importance to their occupiers.”
Oxenwood was advised by DTRE and Curzon Advisers by Lewis Ellis.
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