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Edge Real Estate Property Investments has acquired a portfolio of mixed-use assets previously owned by the family of former Wigan FC chairman Dave Whelan for £50m.
Funded by ICG Longbow, Edge Real Estate – the investment division of Real Estate Group – has bought the Huron portfolio, which comprises nine DW Fitness Health & Leisure clubs around the UK; 8 King Street in Manchester; four retail assets in Wilmslow, Wigan, Lancaster and Northampton; and a single industrial investment in Wigan.
The group has also recently acquired Denton Holme Student Village in Carlisle, a 249-bed student accommodation scheme with an approved phase two for a further 250 beds.
“We are delighted to have expanded our investment business with several long-lease assets,” said Brendan Flood, chairman of Real Estate Group.
Source: Property Week