Blue Marble Lets North West Industrial Unit

Blue Marble Asset Management (Blue Marble) has let a 16,000 sq ft North West industrial warehouse unit to a leading textile recycling company.

Acting on behalf of the Pemberstone Properties (No 1) Ltd, the Birmingham-based specialist real estate asset management company let Unit 402, Easter Park, Haydock, WA11 9UY, to Bag It Up Limited, a division of BIU Group (BIU), on a new 10 year lease at a rent of £96,264 per annum excl VAT.

BIU collects and recycles unwanted clothes, shoes and textiles in partnership with a number of charities, local authorities and commercial waste management companies via its patented recycling banks. It also operates from similar warehouse units in Huddersfield and Reading, whilst the recycling banks are manufactured at its unique, in-house fabrication unit in Halifax, alongside its head office.

Unit 402 is a modern industrial warehouse unit, situated on Haydock Lane, in Haydock Industrial Estate, adjacent to the A580 and Junction 23 of the M6 Motorway, between Manchester and Liverpool and approximately four miles north of Warrington.  It was acquired by Blue Marble, on behalf of its investment client, in 2015, with a pro-active asset management strategy already in place.

Amy Haywood, Senior Property and Asset Manager at Blue Marble says: “Delivering a new 10 year lease was part of our plan for this investment when we first advised our client on the purchase.  We deliver added value to meet our clients’ investment objectives by pro-active management to a pre-agreed strategy.”

B8 Real Estate advised Blue Marble.  BIU was unrepresented.

Based in Birmingham’s Colmore Business District, Blue Marble Asset Management is a real estate asset management specialist which presently has more than £60 million of property assets under management.  It works for a select range of clients including investment businesses, high net worth individuals, trusts and family offices.  Its business is based on taking a holistic and strategic view of each of its property investments.

 

Strong Competition for Parkway 4 Trading Estate

B8 Real Estate, acting on behalf of Aviva Investors, have sold a prime 64,924 sq ft multi-let industrial estate situated in a prominent location adjacent to the Parkway Circle roundabout in Trafford Park.  The property was purchased by The Schroders MLIPUT for £4,968,000, reflecting a net initial yield of 6.24%.

Parkway 4 Trading Estate comprises a fully let estate of 3 detached units with an AWULT of 8.5 years to expiry (4.4 years to break). John Burrows of B8 Real Estate commented, ”We are pleased with the extremely strong level of interest generated, resulting in a host of bids being received for the property.  The strength of the offers submitted highlights continued investor demand for prime assets against a supply shortage of good quality industrial properties.”

Schroders MLIPUT were represented by Cushman & Wakefield.

Download the latest release of our North West Industrial Market Report – Jan 2017

We are pleased to announce our bi-annual market report focussing on the North West Industrial and Logistics Market.

2016 highlights include:

  • Total value of NW industrial investment transactions during 2016 stood at £505m. This is a fall of 26% when compared to the £685m transacted in 2015.
  • Aside from the uncertainty in the immediate wake of the Brexit vote, the investment market has shown resilience following the decision to leave the European Union.
  • There is still a flight to quality, with investors taking a more cautious approach to poorer secondary/tertiary opportunities.
  • Occupier take-up in 2016 totalled 5.09m sq ft (25 transactions) compared to 4.25m sq ft in 2015.
  • Of the 19 new speculative buildings above 90,000 sq ft built in the North West, 11 of these are now let.
  • Prime rental levels are firmly established at £6.00 per sq ft for speculative ‘big sheds’ and £7.00 – £7.50 per sq ft for prime speculative multi-let schemes.
  • The shortage of new build supply in the SME sector is slowly being addressed but there is still a shortage of good quality modern estates.

Please click here to download the full report. Should you require any additional information please to do hesitate to call a member of the team.