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Birmingham Post
Birmingham Post
Business
Coreena Ford

Mamas and Papas head office snapped up in £8.4m investment deal

Investors have swooped for the headquarters of nursery manufacturer and retailer, Mamas & Papas in a multimillion-pound deal.

The freehold for the Mamas & Papas building in Huddersfield has been acquired by a special purpose vehicle, owned by funds managed by ARA Dunedin Ltd.

The new owners have acquired the entire 175,211 sq ft site from Clearbell Capital for £8.425m, which reflects a net initial yield of 5.91%.

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