On behalf of private Equity clients Red Kite has negotiated the purchase of Chesford Grange Distribution Centre at Warrington from Aberdeen Asset Managers. Purchase price was £4m and this reflects a 11% yield. The property is let to Stapletons Tyres and First Aid Holdings. The rent paid is £462,180 p.a.
Lewies Eliis acted for Red Kite and Tudor Toone acted on behalf of the vendor.