Commercial Property News

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Thursday, December 06, 2023

WR Estates' 4.6m acquisition supported by RBS

WR Estates, the Wigan-based commercial property specialists, have expanded their portfolio with the 4.6m acquisition of a Deeside industrial park, in a deal funded by The Royal Bank of Scotland ('RBS').

The company has acquired Engineer Park, an 11-acre site located in Sandycroft, which is home to over 25 businesses including Amtrak, Roma International Plc, ANC Parcels, Polimoon and Chester Glazing.

Engineer Park comprises of 96,000 sq ft of industrial and warehouse accommodation, ranging from start up units to 10,000 sq ft premises. The park was built in the 1980's and consists of 38 units arranged into 10 blocks on a rectangular site.

The acquisition of Engineer Park is part of WR Estates' strategy to grow their property portfolio across the North West. The company was established in 2005 and already own several office and industrial schemes. These include Bradley Hall Trading Estate, a 65-acre at Standish near Wigan, which is home to over 100 businesses and Norwest Court, a six storey office scheme in Preston City Centre.

William Ainscough, Director of WR Estates, said: "Engineer Park is an established industrial site that has excellent transport links and will complement our existing property portfolio. We are very pleased to have secured this site as it fits with our plans to expand the number of properties we own across the North West."

The Commercial Property Finance team at RBS provided funding the funding package to WR Estates. Andy Llewelyn, Senior Manager at RBS, said: "WR Estates have built up an impressive portfolio of properties in a relatively short space of time. This latest acquisition demonstrates the company's ambitions as Engineer Park is a well developed industrial site."