Knight Frank Investment Management has completed a £56m acquisition of a BAE-occupied manufacturing warehouse at Radway Green, Crewe, for a consortium of Korean institutional investors.
Kevin Aitchison, chief executive of KFIM, said: “A couple of years ago we made a strategic decision to establish new partnerships within the Korean institutional market.
“Completing this first transaction is another step towards achieving our long-term business plan and we are confident that this will be the first of many transactions for investors from the region”.
Knight Frank acted for KFIM. GVA acted for the vendor.
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