Harworth Group PLC’s £12.7 Million Acquisition Of Towngate PLC

In UK Schofield Sweeney, advised on the matter.

Schofield Sweeney advised Towngate PLC with a team including Basharat Ali (Picture – Real Estate).

A Cheshire business park has been sold  by property company Towngate PLC for £12.7m. Towngate Business Centre, a multi-let warehousing and logistics estate and former Golden Wonder factory in Widnes was sold to Harworth Group PLC.

The estate comprises a total of 262,000 sq ft of industrial space, which has been divided into nine warehouse units and lorry park with a rental income in the region of £958,000 per annum. Occupiers include Aggreko UK, Xpel Marketing, Initial Packaging and QA Flooring.

Towngate PLC was advised by Basharat Ali (Picture), partner in Schofield Sweeney’s commercial property team.

Involved fees earner: Basharat Ali – Schofield Sweeney;

Law Firms: Schofield Sweeney;

Clients: Towngate PLC;

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Giulia Di Palma

Author: Giulia Di Palma

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