Powell Williams LLP helps Talisman nail ÃÂ£7.5m industrial estate
Powell Williams LLP has helped Talisman Properties hammer out a
ÃÂ£7.5m deal for the Castlefields Industrial Estate in Bingley, north
Previous owner Parkmount Estates has let go of the 260,000 sq ft
mixed-use estate, which features more than 36 multi-let units and a
further 96,000 sq ft of land primed for development.
Around 90% of the park is currently occupied and Talisman, an
investment partner of The William Pears Group, plans to renegotiate
existing leases with the 12 current tenants. Enhancement of
existing units is also being implemented and development
Martin Hunt, Partner for Powell Williams, managed the due
diligence purchase on behalf of Talisman. He said: "We encountered
a few obstacles throughout the course of this acquisition but we
worked through a series of historical challenges and are pleased to
have concluded a successful outcome for our client.
"This is one of the largest employment sites in the region and
the estate is tailor-made for business occupancy, with units
suitable for industrial and warehouse use, and excellent road and
rail links. Our recommendations for comprehensive improvements and
potential redevelopment will ensure a new era for the site, with
accommodation to meet the needs of a variety of businesses."
Powell Williams guided Talisman with concise advice throughout
the acquisition and due diligence process, completing the
pre-acquisition survey and providing consultation throughout the
For more information on this story, contact Martin
Hunt by emailing MartinHunt@powellwilliams.co.uk or by
calling 01244 319 046.