Chester commercial law firm DTM Legal has advised Northwich-based engineering group Cygnet on its purchase of a brownfield regeneration plot.
The deal for a 4-acre site on the former Cheshire Salt Works, in Wincham, will enable Cygnet to create a £6m design, assembly and machinery testing facility and new company headquarters.
The plot, which surrounds Cygnet Group’s current head office, was bought for £800,000 from Stockport-based Chantry Developments with funding from the Royal Bank of Scotland.
DTM Legal consultant Matthew Robinson said: “Finding existing stock with the right set-up is extremely challenging in a weak commercial property market.
“Cygnet Group’s only workable option was to develop the space themselves and in doing so create a valuable asset for British engineering in the North West.
“This was a unique property instruction for DTM Legal and we are looking forward to working with Cygnet during the development phase.”