Estate Office Acts on £4.4m Acquisition in Newcastle upon Tyne

Estate Office are delighted to have advised on the acquisition of a B&M Retail Warehouse in Brunton Lane, Newcastle upon Tyne.

Purchased from an institutional vendor on behalf of our retained client, Bluebrick Investments & Developments, the property is very well located in an established location on a new long-term lease.

Richard Wolfryd of Estate Office who acted on behalf of our client commented, “This is the latest strategic acquisition for our client who has built a portfolio of high quality regional assets in desirable sectors to leading covenants in the UK with an attractive WAULT in excess of 12 years. Our client will continue to make further investments this year, as well as undertake asset management initiatives, and we look forward to working with them to grow their portfolio.”

To discuss suitable opportunities, contact Richard Wolfryd or Barry Marshall on the details below.

Barry Marshall
+44 (0)20 7266 8521
+44 (0)7968 037 643
b.marshall@estate-office.com

Richard Wolfryd
+44 (0)20 7266 8522
+44 (0)7711 822 588
r.wolfryd@estate-office.com