County Durham industrial changes hands

Edinburgh and London-based investor Snowlarch has sold a portfolio of multi-let industrial estates in County Durham to Hadrian Industrial Estates, part of Hadrian Land.

The industrial estates in Shotton Colliery, Wheatley Hill and Wingate total 17,225 sq ft and are well occupied.

The portfolio was sold for £1.28m with a net initial yield of 9.35%. Snowlarch is owned by M7 Real Estate co-founder Matthew Cheyne, who set Snowlarch up in 2018 following his xit from M7.

Avison Young and Jackson & Partners advised Snowlarch.

Tim Catterall of Catterall and Co acted for the purchaser.

Your Comments

Read our comments policy

Related Articles

Subscribe for free

Stay updated on the latest news and views in North East property


Keep updated on the latest news, deals, views and opportunities in North East property, in your inbox.

By subscribing, you are agreeing to Place Terms & Conditions and Privacy Policy.

"*" indicates required fields

Your Job Field*
Other regional Publications - select below