Business park bought

Carbrook Business Park in Sheffield has been acquired by property fund manager Highcross.
Carbrook Business Park in Sheffield has been acquired by property fund manager Highcross.
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Property fund manager Highcross has paid £9 million for a portfolio of offices including Carbrook Business Park in Sheffield.

The portfolio comprises properties in Preston, Leeds and Hull, as well as Sheffield

Highcross acquired the portfolio from Northern Britain Property Partners who were advised by Ryden and Allsop. Richard Pellatt, director of Highcross’ Northern office, said: “The purchase represented an opportunity to acquire a quality office portfolio with a diverse regional spread and strong mix of tenants. “The prime locations and building flexibility offer excellent opportunities for increasing occupancy and enhancing asset values.

“With over £200 million of equity available for new purchases, we remain keen to acquire properties in established regional locations which provide active asset management angles.”