Avison Young appointed to market Laura Ashley’s National Manufacturing and Distribution Portfolio18 Aug 2020
The strategic real estate advisor has been appointed on behalf of the Joint Administrators.
Avison Young’s specialist Restructuring Solutions Team has been appointed to market Laura Ashley’s manufacturing and distribution facilities on behalf of the Joint Administrators, Rob Lewis, Zelf Hussain and Rachael Wilkinson at PwC.
The freehold portfolio comprises six individual properties providing in excess of 460,000 sq ft of accommodation. Collectively, the sites extend to 32 acres in total and are located throughout Newtown, Mid-Wales.
Chris Davies, Associate Director, Restructuring Solutions, said:
“The industrial market continues to demonstrate resilience in the prevailing market, with a shortage of freehold industrial and warehouse premises immediately available. As a result, this portfolio offers an excellent opportunity for occupiers, investors and developers alike to acquire a substantial industrial holding.
A positive number of early enquiries have already been received and we are now actively inviting interest for the portfolio as a whole or in part, on both a for sale and to let basis.
We look forward to working with the Administrators to maximise the value from the estate and bringing these buildings back into occupation.”