The Richardson family office has acquired the Swan Lane Industrial Estate in Hindley Green, Wigan, Greater Manchester from Melburg Capital for £15m.
The prominent multi-let industrial estate, strategically positioned between the M6 and M61, is made up of four industrial units and one multi-let office building totalling 294,168 sq ft.
It is already fully let to five tenants, including Product Care Trading Limited, Kartell UK Ltd and Prowood Ltd.
The total site area extends to 14.41 acres.
Lambert Smith Hampton acted for the purchaser whilst Cushman & Wakefield, Colliers and Tudor Real Estate advised Melburg Capital.
The acquisition is part of the Richardson family office’s wide reaching real estate portfolio. This includes the Plantation Park multi-let freehold park on the Wirral, which was acquired earlier in 2022.
In addition, interests are held in the McArthurGlen West Midlands Designer Outlet, the Tower Works development in Leeds City Centre and the £300 million Newcastle Gateshead Quays waterfront arena, conference and exhibition centre.