InfraRed Capital Partners, a British infrastructure and real estate investment manager, has bought the Triumph Business Park, an industrial estate in Speke, Liverpool, totalling circa 65 acres.
With a total investment of about 30 million pounds ($39 million), InfraRed Capital, acting on behalf of InfraRed Active Real Estate Fund IV, completed the acquisition of the nearly 1 million square foot property.
Triumph Business Park comprises an existing 825,000 square foot offering a range of unit sizes, about 15 acres of open storage land and approximately 10-acre development site.
Furthermore, InfraRed intends to implement a value-add strategy, driving increased employment and inward investment in the area by developing a further more than 10 acres on the site.