The owners of a 6.12-acre industrial and open storage site two miles north of Liverpool city centre, home to manufacturer Centriforce Products, have agreed a sale of the commercial property. Investment firm Kinver Capital purchased the industrial open storage (IOS) scheme for an undisclosed sum.
Corporate and commercial property partner Heather Summers acted on the deal, providing legal advice to the private client vendor throughout the process.
The deal received press coverage including in Liverpool Business News, The Business Desk and Place North West.
Centriforce has made thermoplastic damage prevention products from recycled plastic at the site for more than 25 years, most recently reporting £20.6m in annual sales and 80 employees.
Kinver Capital, based in in Dorking and focusing on “well located, low site cover IOS assets with strong growth potential across the UK”, invests across all sectors in transactions up to £8m.
Keppie Massie surveyors advised the vendor and Fisher German advised Kinver during the deal, with Womble Bond Dickinson providing legal advice to the buyer.
Heather comments: “We worked closely with the client and wider advisory team to navigate this transaction efficiently, maintaining momentum despite a notable degree of complexity in the title of the land. I am pleased to have been involved in the disposal of the site with such a strong regional heritage, and to achieve a successful outcome for the vendor.”
Previously a business owner herself, co-owning a Liverpool-based firm, Heather describes her approach as “friendly, no nonsense professionalism, with a knack of cutting to the chase and getting the job done.”
