NETWORK Space Investments has secured a high profile multi-let estate in Trafford Park.

The 45,000 square feet industrial estate on Europa Way was purchased by the Newton-le-Willows company for an undisclosed sum.

The estate was valued with a quoting price of £6,840,000 and includes three detached units with a low average passing rent and an unexpired term of 4.3 years to break.

Network Space also previously acquired the 66,000 square feet Guinnes Circle in Trafford Park, with their recent purchase their latest investment in the occupational market.  

Tom Dawson, Investment Director at Network Space, said: "The current market uncertainty presented us with an opportunity to secure a prime estate with immediate reversion and the prospect of longer-term rental growth.

"We will continue to focus on acquiring similar assets across the North West and Yorkshire. We believe the current pricing shift will present further opportunities to us."

The estate was sold on behalf of CBRE Investment Management, with real estate company Colliers acting for Network Space.

Chris Ward from Colliers added: "This strategic acquisition by Network Space not only offers great value but also provides significant reversion from day one.

"Despite wider market uncertainty, the competitive bidding process demonstrates continued investor demand across the sector, and we are pleased to have secured the investment on behalf of our client."