UK's EQT Acquires 116,000 sq ft Rochdale Warehouse for £8 Million

en.Wedoany.com Reported - UK industrial investor EQT Partners has acquired a warehouse unit on Buckley Road in Rochdale from floor covering materials distributor Headlam Group for £8 million, while simultaneously leasing the unit back to Headlam under a lease agreement running until January 2028.

The acquisition of the 116,000 sq ft warehouse, situated on a 6.6-acre site in Smallbridge, north of Rochdale town centre, expands EQT Partners' industrial portfolio in the North West, which already includes three warehouses in Knowsley.

According to data from HM Land Registry, Birmingham-based Headlam Group purchased the Rochdale industrial property for £2.9 million in 2010. Last year, the company listed the asset for sale with a guide price of £10.8 million. Although the final sale price was below this guide, Headlam considered the transaction price "fair" in a recent trading update. The company's most recent valuation of the property stood at £4.81 million.

Christopher Dee represented EQT in the transaction, while LSH advised the seller. EQT and Headlam have been contacted for comment.

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