£12M TRANSACTIONS SUCCESSFULLY COMPLETED

Holmes Chapel Business & Trade Park

• 70,000 sq ft Multi let trade Park

• Sold for £3,100,000

• Sold to Infrared Capital

• Christopher Dee acted for Infrared, B8 Real Estate LLP acted for Chestergate

 

Europa Boulevard, Warrington

• Detached warehouse and office HQ building

• Sold for £2,700,000 (8.6% net initial)

• Sold to IOM based private investor

• Harvey Richards and West represented Greenstone Sovereign and B8 Real Estate LLP represented us.

 

Millfield Lane, Haydock, St Helens

• 30,000 sq ft production and warehouse facility

• Acquired for £1,100,000

• 21,000 sq ft let to Frodsham Sign and Display, with the remaining 9,000 sq. ft. being marketed through B8RE.

• Eddisons represented Leonard Curtis and B8Real Estate LLP represented us.

 

Normanton Industrial Estate, Leeds

• 30,000 sq ft distribution facility

• Acquired for £1,100,000

• Let to Ford Retail Ltd at a rent of £130,000 sq ft

• The Vendor was represented by GVA Grimley.

 

Unit 5 Carnaby Industrial Estate, Bridlington

• 10,000 sq ft warehouse facility

• Sold for £350,000

• Let to Booker at £35,000 per annum.

• Garness Jones represented Chestergate.

 

Lister Road, Astmoor Industrial Estate, Runcorn

• 120,000 sq ft high bay warehouse facility

• Acquired for £3.75 million from St James’ Place.

• Let to DHL at a rent of £410,000 pa

• CBRE represented Chestergate.

 

Land at Astmoor Industrial Estate, Runcorn

• 2.7 acres development land in 2 plots

• Plots available freehold or on lease

• Acquired for £200,000 from First Investments Ltd

• Part let to AAK UK Ltd

 

Land at Reginald Road, St Helens

• 1.5 acre development site

• Acquired by Cheshire Mouldings Ltd for £115,000

Significant Letting to Potter Logistics at Charleywood Point, Knowsley

Acting on behalf of Threadneedle Investments, B8 Real Estate have secured a significant letting at Charleywood Point located on Knowsley Industrial Park. 

The refurbished warehouse facility comprises 87,650 sq ft and has been let to Potter Logistics on a new 10 year lease at a headline rental of £3.75 per sq ft. The facility which was formerly occupied by DHL will be utilised by Potter on behalf of their clients, Elanco.

Matthew Lamb, Managing Director of Potter Logistics, said:

“This new facility is the culmination of a year’s hard work from our staff and Elanco. The new DC gives clients the opportunity to store products in the North West at a well-connected industrial park with rail links”.

Steve Johnson of B8 Real Estate said:

“This latest letting at Knowsley reinforces the improving logistics market where we are seeing increased demand for good quality units in the 50,000 – 150,000 sq ft size range with Merseyside the recent beneficiary of several large lettings.”

B8 Real Estate and JLL acted for Threadneedle Investments.

Fox Lloyd Jones from Leeds acted for Potter Logistics.

Johnson Controls, Speke - B8RE

Further Investment in South Liverpool

F&C REIT Asset Management have acquired a new distribution unit in South Liverpool from developer Marshall CDP Limited. 

The building comprises a new fully fitted distribution facility constructed for Johnson Controls Automotive UK Limited and provides in total 151,770 sq ft. Johnson Controls have committed to this unit for a term of 15 years. F&C REIT paid Marshall CDP £11,900,000 for the building reflecting a net initial yield of 6.45%.

Simon Wood of B8 Real Estate, who acted on behalf of Marshall CDP in both the letting and the investment sale, said:

“This shows the continuing success story of this area of South Liverpool both on an occupational basis and investment basis and reinforces the North West as a prime distribution/industrial region for institutional investors”.

F&C REIT Asset Management were represented by the Manchester office of Knight Frank.