The Group has built its holdings at Midpoint through several transactions. It originally acquired a multi-let estate of 23 high-quality units, totaling 181,000 sq ft. Since then, it has added a further 6,300 sq ft unit, a single-let warehouse of 373,900 sq ft and a development site of 7.7 acres. The Midpoint Estate is strategically located near the M6 motorway in Cheshire.

Key statistics

(31 March 2021)


Purchase Price


(sq ft)


Contracted Rent
(31 March 2021)

£3,279,000 p.a


Wincanton Holdings, Pentagon Sport Limited, Creative Arts Products Limited



Why did we buy it?

The multi-let estate offered the chance to add further units through targeted acquisitions, to build critical mass. It also provided opportunities to grow rents and the WAULT through lettings, rent reviews, lease regears and renewals. The single-let warehouse had a low passing rent of £5 per sq ft and a remaining lease term of 3.5 years, offering reversionary potential and the scope to secure the occupier on a longer-term basis. The development site is in a key logistics location and has planning consent to develop further units.

What have we done since purchase?

We have added to our holdings, as described above. We have also let vacant space ahead of ERV, setting a new rental tone for the estate which has helped to drive income through rent reviews and lease renewals.

What is the future?

We will continue to drive rental tone, overall income and capital values through targeted capital expenditure, including refurbishing vacant units where possible and develop the site on a pre-let basis.

Sustainability features

  • Core occupier keen to engage and explore sustainable solutions together
  • Occupier has installed charging points for company cars
  • Scope to drive improvements in EPC ratings through refurbishments and installation of LED lighting