Banwait Group Holdings’ Real Estate Investment Group (REIG) has completed the acquisition of a modern, detached industrial unit in Birstall.
The property is let to premium storage and furniture brand, Sliderobes, and was bought for an undisclosed sum.
It adds to REIG’s expanding national portfolio of commercial assets. The acquisition was led by Harpreet Banwait, chief executive of Banwait Group Holdings, with Nick Wales of Knight Frank acting as acquisition agent.
Legal representation was provided by Craig Law of Knights, with finance arranged by Richard Thomas of Insight Commercial. The lender on the transaction was Interbay.
Harpreet Banwait said: “This acquisition reflects our continued belief in resilient, income-generating commercial real estate in prime regional locations.
“We are fast approaching £100m 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.
“Our investments are not only commercially sound but community-conscious, underpinning our long-term commitment to purposeful growth.”
This latest deal follows a series of acquisitions for REIG, which has grown from a standing start to a £50m portfolio in three years.