MDP NE29 Ltd have successfully acquired Mandale Industrial Park, located on Wallsend Road, North Shields for a purchase price in excess of £10 million. The estate comprises 39 units, including 24 hybrid units and 14 industrial units.
Nigel Arnott, head of compliance/industry development for MDP NE29 Ltd, commented, "The acquisition of Mandale Industrial Park is a major milestone for us. It reflects our ongoing commitment to investing in strategic assets that support the growth and success of our business. We are excited about the opportunities this estate will bring. The acquisition further enhances our already extensive commercial property portfolio.
"Working with Farooq Zar and Schofield Sweeney has been a delight. Their professionalism, attention to detail, and consistent communication made the entire process smooth and efficient. We value their expertise and look forward to future collaborations."
Farooq Zar, partner at Schofield Sweeney advised MDP NE29 Ltd on the purchase and was assisted by Abigail Miskimmon, paralegal.
"We are thrilled to have facilitated this significant acquisition for our client," said Farooq Zar, "Mandale Industrial Park is a new build industrial estate and represents a key investment in a prime location, and we are confident it will deliver substantial value to our client's portfolio.”
