Melburg sells Swan Lane Industrial Estate for £15m

August 2, 2022

Melburg Capital Ltd [Melburg] – the privately owned real estate investment and development
company – announces the sale of Swan Lane Industrial Estate, Wigan to a private family office.
Melburg acquired the 300,000 sq ft industrial estate off-market in 2020 as part of a sale and
leaseback with the owners of domestic appliance producer G2S Limited for £8.75m.

Following the acquisition Melburg repositioned the estate within a 24-month window through tenant
engineering and close-quarter asset management. In so doing their team of skilled management
specialists leased 100% of the estate, increased the passing rents by 55% and moved the WAULT
from 3.00 to 6.23 years.

The sale follows a period of significant activity for the expanding investment specialist, having
acquired in excess of 2 million sq ft of industrial assets, released plans for one of Bristol’s largest
regeneration sites, with 880 new homes set to replace the Broadwalk Shopping Centre, and discreetly
divested from £150m of assets including Warehouse K, London, Maxmor House, Dartford and 14-18
Belgrave Gate, Leicester.

Melburg CEO Jack Burgess commented; “The life cycle of Swan Lane highlights the platform’s ability
to identify off-market value propositions, understand occupiers’ operational drivers, quickly execute
complex management initiatives and realise exceptional risk-adjusted returns. The proceeds from the
sale will be redeployed into similar opportunities”

Tudor Real Estate, Cushman & Wakefield and Colliers International advised Melburg. Lambert Smith Hampton acted for the purchaser.

 

 

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