It was previously leased to the Department for Work and Pensions (DWP) in the UK for its back-office operations and was vacated as part of the DWP’s lease re-gearing exercise. Dilapidation settlements were completed in 2023.
Elite UK REIT, through its trustee, has entered into a contract of sale to divest Hilden House, Warrington, for GBP3.28 million ($5.55 million). The consideration represents a premium of 6% above its valuation of GBP3.1 million as at June 30.
The five-storey Hilden House sits on a 0.32 hectare site with 50,841 sq ft of net internal area. It is located at Winmarleigh Street, Warrington, which sits between Liverpool and Manchester. The building is located opposite the Warrington Town Hall and is surrounded by a mix of office, retail and residential properties.
