London-based property developers St Modwen have sold off a chemical plant in Eccles, Salford, for £8.27 million.
Friends Life Limited acquired Akcros Chemicals Limited in a deal supported by WSB Property Consultants and Pinsent Mason Solicitors.
The plant manufactures plastic additives for and polysulphide chemicals for the aerospace, marine and construction industries.
The 22.6 acre site, which is located just off the M602 and north of Trafford Park is fully let to Akcros for the next 21 years.
St Modwen Properties Plc acquired the Ackros facility on Lankro Way in 2007.
It has famously employed thousands of Salford people and was given the SalfordOnline.com historical series treatment back in 2013.
Read: Recollections of Lankro Chemicals, Eccles 1966-1978
Read: Tribute to Dr Kroch, founder of Lankro Chemicals, Eccles
Watch: Dr Kroch and the Lankro legacy – Part 1
Watch: Dr Kroch and the Lankro legacy – Part 2
St Modwen have retained a 14-acre plot (outlined in blue below) which is earmarked for new development.
Mr Knowles added: “We are actively seeking opportunities throughout the North West, which allow us to focus on our core skills, and have the funds ready to invest in the region.”
