Growing Tyneside property investment and development firm MCM Group is continuing to invest across the north after snapping up an industrial investment in Wakefield for £2.475m.
Having recently agreed a 10-year lease with Speedy Hire at its investment in Leeds, Gateshead-based MCM Group has now purchased a freehold investment on Telford Way amid UK expansion plans. The detached distribution unit, based at the intersection of the M1 and M62 motorways, is occupied by Yorkshire Ambulance Service NHS Trust, which has a 20-year lease on the property at the Wakefield 41 industrial estate.
The 19,500 sq ft property, which delivers six-figure annual rent, has been acquired from Columbia Threadneedle. Douglas Cranston, MCM Group’s investment director said the deal reflects MCM’s acquisition strategy to invest in market-leading properties in pivotal locations across the UK.
