Capreon completes sale of Ashton Old Road warehousing unit

Capreon, the Noé Group’s real estate investment and advisory arm, has completed the sale of a retail warehousing unit on Manchester’s Ashton Old Road to development and investment firm Pitalia Real Estate.

Located 2 miles outside of Manchester’s city centre, the Ashton Old Road unit comprises a 3.72 acre site. It is currently occupied by retailer Matalan and charity Sue Ryder.

OBI Property acted on behalf of Pitalia Real Estate and Metis acted on behalf of Capreon.

Zvi Noé at Capreon said: “We are pleased to have worked with all parties and wish Pitalia’s team every success as the new owners of the warehousing unit on Manchester’s Ashton Old Road.”

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About Capreon: Capreon is the real estate investment and advisory arm of the Noé Group. The firm has more than £2bn in assets under management, including science and technology real estate, retail, office space and warehousing.

Capreon is based in London but operates throughout Europe and Israel. The business has local knowledge but a global outlook and is not bound by an institutional mindset. This allows it to be flexible in its approach and enhance capital returns.

Capreon has over 40 years’ combined experience and is passionate about a partnership approach to real estate. The business embraces collaboration at all levels and geographies to create value for all its partners.

Capreon’s robust and sophisticated real estate investment model combines market analysis, stock selection, intelligent financing and intensive asset management.

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About the Noé Group: The Noé Group is an innovative family office providing investment management and advisory services in real estate and PropTech. Founded in 2017 by Zvi Noé, Raphael Noé, David Bloom and Leo Noé – one of the property industry’s most prominent executives – the Noé Group is built on more than 40 years of successful family office investment. 

The Noé Group operates throughout the UK, Europe and Israel through its principal businesses, Capreon and Goldacre.

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