A NORTH-WEST property investor has spent £8.6m on two industrial parks, after securing funding from Royal Bank of Scotland’s Liverpool-based property finance team.

RBS provided a £6.28m funding package to Jolivet Investments, owned by Simon Storer, to acquire the parks in Trafford Park, Greater Manchester, and Newcastle-under-Lyme, Staffordshire.

The 125,000 sq ft Parkway Trading Estate is spread across nine acres and located in Barton Dock Road, in Trafford Park. The estate is made up of 12 industrial units and a two-storey building that offers office accommodation.

It was sold to Jolivet by Royal London Asset Management in a £4.7m deal. CB Richard Ellis represented Royal London.

Parkhouse is one of the largest industrial estates in North Staffordshire. Jolivet has acquired 10 units with over 165,000 sq ft of space in total. The units range in size from 8,000 sq ft to 55,000 sq ft.

Mr Storer has worked for several North West firms, including Lambert Smith Hampton and Brady Chartered Surveyors. Jolivet manages a portfolio of retail, office industrial and residential property across the region. He said: “We are very pleased to have completed both transactions as they will complement the range of existing properties in our portfolio.

“We are keen to grow the portfolio by acquiring high-quality sites in good locations.”

Andrea Kelly, relationship manager from RBS, added: “Simon is an experienced operator with a good knowledge of the North-West’s commercial property market.”