Investments: UK Platform

ORION PARK, CREWE – SOLD

Orion Park is a 3.05 acre development, that is situated in the north west of the United Kingdom. The property provides tenants with commercial/industrial opportunities, while also being located within proximity to two major cities (Manchester and Crewe). The property IRR was 15,4%.

The Property:
  • A multi-unit park, consisting of five units, of which four are occupied, ranging from 5 000 sq/ft – 11 200 sq/ft.
  • Demand in the area for commercial/industrial space is considered to be strong, and rental rates are increasing.
  • The property’s current estimated replacement cost, exceeds the purchase price, indicating an already present capital appreciation on the property.