An industrial estate near Bury has just been sold for several million pounds.

Nolan Redshaw (NR) Investments, which owns Pilsworth Industrial Estate have successfully sold off to a regional investment company for £2.7m.

The estate, which is located on junction three of the M66, served as a base of operations for several FTSE 100 companies, including JD Sports and Loreal, and has an Asda Superstore, KFC, Costa Coffee and several other retailers.

The 25,000 sq ft estate, which is home to 27 units, attracted interest from a wide range of investors across the North West.

Jonathan Pickles, chief executive of NR Investments said: "Pilsworth Industrial Estate is an extremely popular, strategically positioned estate.

"It incorporates units of various sizes ranging from 500-2,300 sq ft with a historically minimal vacancy rates and a variety of asset management opportunities.

"This investment was sold off the market which again reflect the strong demand for multi let industrial estates of this calibre.

"It's a great piece of news for regional investments and brings about more economic positivity for the local area."

Bosses at NR Investments say they hope the new deal will spark more growth and a boost to the local economy.

This comes after the consultation period for Bury town centre's masterplan has ended.

The plan is a long-term vision for investment in the town centre over the next 15-20 years to make it a better hub for development and attract more business in the area.