Oxenwood buys Transpennine 200 in Heywood

Heywood passport warehouse

Oxenwood Real Estate, the UK real estate investor, has acquired Transpennine 200 in Heywood from Curzon Advisers for £8.2 million.

Transpennine 200, which totals 92,340 sq ft, is the principal passport-printing and distribution warehouse for the UK, producing 80% of all passports. It is let to the Secretary of State for Communities and Local Government until November 2021.

The unit is located next to the established Heywood Distribution Park. It was purpose built to a very high specification in 2006.

Stewart Little, joint chief executive of Oxenwood, said: “We continue to seek assets that are well located and of strategic importance to their occupiers. The purchase in Heywood demonstrates both these components and we will work with the tenant to meet their longer-term occupational needs. In the meantime, our investors will benefit from a strong income return from a government tenant.

“With the backing of our investment partners, we have substantial firepower and a pipeline of attractive opportunities.”

Oxenwood was advised by DTRE and Curzon Advisers by Lewis Ellis.