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An industrial complex at Gloucester Business Park has been sold off for £2.1m. Block 13 Delta Way was developed in the 1960s and comprises eight industrial units in three separate terraces totalling 26,224 sq ft. It is let out to a mixture of tenants.
ARA Europe - the European platform of ESR Group - sold the complex on behalf of Straits Real Estate, a subsidiary of The Straits Trading Company, to Wulff Capital Holdings. The vendor was advised by property consultancy firm Alder King.
Ben Cowles of Wulff Capital Holdings said: “We’re very pleased with the acquisition of Block 13 which provides us with an excellent foothold in the Gloucester market where we believe demand will remain strong over the coming years, particularly for assets such as this one.”
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