AN industrial park in Birchwood has been sold for £2.3million.

Adlington Court, which is located off Cavendish Avenue, has been bought by London and Associated Property PLC from Cordatus Property.

The deal includes four of the site’s 18 units including their dedicated yards and car parking areas, as well as all common areas at the estate.

This quartet of plots is currently let to the Lowton Motor Company, AT Plant Services and Drivetrain Ltd.

Its acquisition also includes the freehold of the Gorse Covert Day Centre, which is let out on a long-term lease to Warrington Borough Council.

LAP chief executive John Heller said: “This acquisition represents significant opportunities for LAP with strong rental demand and a history of owner occupier interest, as demonstrated by the units already sold.

“Tenant demand for warehousing across the region is strong, exacerbated by the demands from the pandemic as the structural changes in the retail sector put increased pressure on the e-commerce, parcel delivery and 3PL storage and distribution companies who need to meet the increasing challenge of getting goods to customers swiftly.

“This, combined with a general lack of new development over recent years, has led to a shortage of available stock of any size in the north west.

“The continued weight of tenant demand together with shortage of supply has resulted in strong positive rental growth throughout Warrington and the north west region, which we expect to continue.”

Wake Smith Solicitors acted on behalf of LAP in completing the deal.

Head of commercial property team Neil Salter, who handled the purchase, said: “We have a very well-established relationship with LAP, and we were delighted that LAP chose us to act on this important acquisition for them.

“It was great to work with John and his team to get the deal over the line in a relatively short period and we look forward to working on the management of this asset.”