An investment management company has acquired the headquarters of toilet roll manufacturer Accrol Papers for £25m.

Knight Frank Investment Management (KFIM) on behalf of Lancashire County Pension Fund (LCPF) completed the acquisition of 350,000 sq ft Accrol Papers Industrial portfolio from Private Family clients of B8 Real Estate.

The four separate properties make up the manufacturing, distribution and headquarters of AIM listed Accrol Papers Ltd, who supply a range of toilet roll, kitchen towel and facial tissues The properties were purchased off-market at a price of £25,000,000. Accrol Papers has occupied the units on the Roman Road industrial estate, since 2004.

Piers Windsor, Senior Investment Manager at Knight Frank Investment Management (KFIM) commented ‘We are happy to have completed on this acquisition on behalf of LCPF, which was put under offer during the UK’s nationwide lockdown. The investment meets all of the criteria of our strategy of targeting well let, good quality industrial stock in the County of Lancashire.

“The investment generates a strong income return from day one, while providing a number of potential asset management initiatives in the medium to long term. We continue to look for similar opportunities with another c. £50m remaining to invest.”

John Burrows of B8 Real Estate said, ‘The sale demonstrates continued demand from investors for significant industrial assets within the North West and we are delighted to have advised on the successful sale to KFIM.

“The assets have performed well for my client over their many years of ownership and we are sure that KFIM will continue to work closely with Accrol Papers, as they continue to invest further in their operation within the County.”