Warrington Borough Council has bought Eddie Stobart’s distribution headquarters for £26.1m, equating to a 4.35% net initial yield.
The facility, adjoining the M56 at the Stretton Green Distribution Park, was purchased from Ropemaker Properties.
The 7ha site incorporates a distribution warehouse, vehicle maintenance unit, head office and expansion land.
Warrington Borough Council used its in-house property team for the purchase, which was approved by the council’s executive board.
The deal is intended to support the council’s medium-term financial plan and to boost economic growth.
