DW SPORTS, PRESTON

ABOUT

Occupier Information:

DW Sports Ltd
Occupying a 21,786 sq ft two storey unit, utilised as a health and fitness facility.
Lease term of 25 years as of November 2011.

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Edge Real Estate Acquires Huron Portfolio

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

Edge