Cheadle Offices in £5.5m Sale

Lakeside 5500Lakeside 5500

A Cheadle office development has been sold in a deal worth about £5.5m.

Lakeside 5500 is being purchased by Drum Income Plus REIT. The site is home to semiconductor technology company Micron Europe Ltd and Agilent Technologies LDA UK Ltd, a designer and manufacturer of monitoring systems.

Drum chairman John Evans said: “We are maintaining the significant momentum that has been created since our IPO in May 2015, securing a prime property in the North West of England.

“Lakeside is an ideal fit for our stated focus on commercial property assets in strong regional locations that offer an attractive yield as well as identifiable asset management and risk controlled development opportunities.”