Stenprop Acquires Mandale Business Park In Durham For £11.2M

Located in Durham's Mandale Business Park, an industrial property has recently been sold for a total price of £11,200,000. The property spans over a total area of 136,000 square feet, resulting in a price per square foot of £82. The transaction involved the sale of 37 units, with each unit being sold at an average price of £302,702.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: £11,200,000
• Square Feet: 136,000
• Price per Square Foot: £82
• Number of Units: 37
• Price per Unit: £302,702
• Seller: Mandale Investments Limited
• Buyer: Stenprop – Will Lutton
• Market: Durham

Will Lutton, representing Stenprop, played a crucial role as the buyer in this transaction. The property was sold by Mandale Investments Limited. The deal marks an important acquisition for the buyer and presents new opportunities for both parties involved in the industrial market in Durham.