A real estate investment group has acquired a prime industrial property in West Yorkshire as part of its expanding national portfolio.
Banwait Group Holdings’ Real Estate Investment Group (REIG) completed the purchase of a modern industrial unit in Birstall as part of its growing commercial property assets.
The building, located near IKEA and major transport routes, is currently let to premium storage and furniture brand Sliderobes.
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Harpreet Banwait, chief executive of Banwait Group Holdings, said: “This acquisition reflects our continued belief in resilient, income-generating commercial real estate in prime regional locations.
“We are fast approaching £100 million in assets under ownership within REIG – and we are firmly on course to double this in the near term, in line with our seven-year growth strategy.”
The deal follows a series of successful acquisitions by REIG, which has built a £50 million portfolio in just three years.
The purchase price for the Birstall unit remains undisclosed.