MANCHESTER, England – June 12, 2023 – Soor Capital completed the acquisition of the Dow Chemical UK Headquarters and R&D Facility located at Cheadle Royal Business Park in Manchester, England. The 26,076 square foot Grade A laboratory and office complex serves as the UK and Ireland headquarters and research & development facility for Dow Chemical Company Limited.
Strategic Asset Acquisition
The acquired property represents a single-tenant laboratory and office complex that is 100% leased to Dow Chemical Company Limited on a full repairing and insuring basis. The Property features modern Grade A specification accommodation arranged over ground and first floors, with a remaining lease term of 12.5 years and no termination or break options.
The facility is strategically positioned in Cheadle Royal Business Park, a leading business park in the Northwest of England, located 7 miles south of Manchester City Centre with convenient access to central Manchester, Manchester Airport, and major motorway connections.
Exceptional Tenant Profile
Dow Chemical Company Limited is a division of The Dow Chemical Company, a global leader in materials science with operations in over 160 countries. The company serves customers in high-growth markets such as packaging, infrastructure, mobility, and consumer applications. Dow combines global breadth, asset integration and scale, focused innovation, and leading business positions to achieve profitable growth.
"This acquisition represents a strategic investment with one of the world's most respected chemical companies," said a spokesperson for Soor Capital. "Dow Chemical's long-term commitment to these facilities as their UK headquarters and R&D center, combined with the property's excellent specifications and location, creates an exceptional investment opportunity."
Investment Highlights
The property offers compelling investment characteristics including:
- 100% occupied by Dow Chemical Company Limited on long-term FRI lease
- Mission-critical facilities housing Dow's UK & Ireland headquarters and R&D operations
- World-class tenant with exceptional operational and financial strength
- Strategic location in Manchester's premier business park with excellent connectivity
- Modern specifications with EPC rating A and BREEAM In Use rating "Very Good"
- Stable cash flow profile with 5-yearly upward-only RPI rent reviews
Market Position
Located in Cheadle Royal Business Park, the property benefits from its position in one of the Northwest's most prestigious business locations. The Park is strategically situated adjacent to the A34 allowing convenient access to central Manchester, Manchester Airport, the M56 and the M60. South Manchester represents the largest out-of-town office market in Greater Manchester and one of the largest in the UK regions.
Manchester has cemented its position as the UK's leading office destination outside London, with levels of office take-up consistently exceeding other major regional cities. The area continues to attract significant international investment, with Manchester representing a key hub for life sciences, technology, and advanced manufacturing sectors.
About Soor Capital
Soor Capital is a private equity real estate firm offering comprehensive investment services across the USA, UK, Europe, and GCC regions. The firm specializes in acquiring institutional-quality real estate assets with superior tenant profiles and strategic market locations. Since its establishment, Soor has transacted over £500 million of private equity real estate investments.
