B8 Real Estate Sells Former Manufacturing Facility in Aintree

Industrial property specialists, B8 Real Estate, have sold the former Mayr Melnhof Packaging manufacturing facility on Dunnings Bridge Road in Aintree to cooking oil manufacturer KTC Edibles. 

The property comprises 165,000 sq ft industrial facility on 9 acres situated next to the Switch Retail Leisure Park, behind Allied Bakeries and close to the switch island M57/M58 interchange.

The site was closed by Mayr Melnhof Packaging in late 2012 and was purchased earlier this year by Midlands based KTC Edibles who are going to use the building as part of their expansion operations from their existing Liverpool base on the Port of Liverpool.

The sale price was believed to be close to the £1.5m asking price and it is hoped that with KTC Edibles taking over the site for operational purposes, there will be a number of new jobs created in the area.

Jon Thorne of B8 Real Estate, acting for Mayr Melnhof on the disposal, said:

“Whilst the main focus of the industrial property market in north Liverpool has been on logistics with L2 and the growth at the Port of Liverpool, it is also nice to see that UK companies are also investing in the region for manufacturing uses. It is a good sign for the local economy and property market that companies are looking to expand their operations and invest in Merseyside area as it is still seen as an attractive place to do business in the industrial sector”.

Birmingham surveyor White Rose acted for KTC Edibles.

Stakehill Industrial Estate - B8RE

Continued Confidence in the Regions

A Private Investor Fund, Investment Managed by JLL have acquired a distribution unit on Stakehill Industrial Estate in North Manchester from private investor, Ventnor. 

The building comprises a detached high quality distribution unit of 103,000 sq ft and is let to Parcelpoint Limited (guarantee by Shop Direct Holdings Limited) with a lease expiry in April 2022. The purchaser paid £5,730,000 for the investment reflecting a net initial yield of 6.70%, with a reversion of 7.2%, following a fixed uplift in 2017.

Simon Wood of B8 Real Estate, who acted on behalf of Ventnor on the investment sale, said:

“The sale generated a huge amount of interest which reinforces the confidence in the regions for viable long term investments in the industrial sector”.

The purchaser were represented by the Manchester office of JLL.

Large Speculative Industrial Development in the North Set to Commence

New Capital Knowsley Limited are pleased to confirm the largest speculative industrial development for many years in the North of England is due to commence on site next month. 

Known as Venus 110, it is being developed by New Capital (Knowsley) Limited at the junction of Boundary Road and Hornhouse Lane at the entrance of Knowsley Industrial Park.

The site will provide a detached highbay distribution facility of 110,000 sq ft on a site of 6.5 acres. Built to the highest specification it will have 13m to the underside of haunch, extensive dock and level access loading, 10,000 sq ft of two storey offices and will be constructed to BREEAM excellence.

Howard George of B8 Real Estate, sole agents acting on the letting said:

“The North West has a severe shortage of new distribution facilities. Take-up in this sector over the last 3 years has been at record levels with now not a single building of over 100,000 sq ft in the prime North West core from Liverpool to Manchester. The completion of this building will provide much needed accommodation for companies not having time to wait for a ‘Design & Build’ option.”

Venus 110, which received just over £1m worth of European Regional Development Fund support, is due for completion in April 2015 – once complete the development is anticipated to create 100 jobs.


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.

Duo of Lettings at Trio

Acting on behalf of Zurich Assurance, B8 Real Estate and JLL have confirmed two recent lettings at Hermes. 

Parcelnet has taken Unit 1 totally 47,000 sq ft on a new 10 year lease and PDS have taken Unit 3 totalling 68,000 sq ft on a 10 year lease. 

Howard George of B8 Real Estate, who acted jointly with JLL said:

“Both parties were attracted by the quality of the accommodation and the communications within the region. Both companies are new to the area and will be making significant investment. PDS has relocated from Wigan.

“Hermes has opened a new parcel distribution centre to cover the Liverpool City Region”.

PDS were advised by Savills. Hermes were represented by their in-house property team.

B8RE Announces Major Letting in North Liverpool

B8 Real Estate are pleased to announce another significant warehouse letting in North Liverpool, close to the Port of Liverpool. 

IDR Logistics have taken 106,000 former Dams International Building on Dunnings Bridge Road on a 5 year lease. IDR are expanding from their current facility in Bootle and saw this opportunity as an ideal site, with its proximity to the Port and the national motorway network.

Howard George at B8 Real Estate who acted for the landlord, Dawpool, said:

“The market for industrial and distribution space in the region remained strong with supply particularly tight in the quality end of the market. There is not a single building available in Liverpool City region over 100,000 sq ft that was built in the last 20 years.

“There is an urgent need for new quality stock to be provided in the region otherwise the growth in logistics and manufacturing as outlined in the latest Superports report will be hampered over the next couple of years. Most companies cannot afford to wait the time for buildings to be constructed on a design and build basis and therefore need to be offered existing quality stock.”

B8RE Advise Langtree on Major Site Acquisition

Industrial developer Prologis has sold 270 acres at the former Parkside Colliery in St Helens to Langtree in an off-market deal. 

The disposal is confirmation of Prologis’s strategy announced last year to concentrate future development on prime sites in the Midlands, London and the South East. Prologis withdrew plans in 2010 for a major development on the former coal pit site, which closed in 1993, blaming market conditions.

The developer is understood to have spent millions of pounds on consultants fees preparing for the development. Before the recession Prologis proposed building 7m sq ft of warehousing on the site. Prologis declined to comment. Langtree has acquired the freehold for the site and will now work with the council to produce fresh development plans. In a statement the council said there were no details on timescales other than a planning application could be submitted as early as this year.

Cllr Barrie Grunewald, council leader, said:

“Parkside is one of the most important assets this borough has within its boundaries and offers the potential to create thousands of new jobs. This is a prime development site in the North West and offers a unique destination – sitting alongside the M6 and the West Coast mainline. It is hoped to reinstate the rail link with the mainline to create an inter modal freight centre.

“Langtree’s headquarters is in the borough and the developer worked closely with the council on the new rugby league stadium in the town, completed in 2011.”

John Downes, chief executive of Langtree, added:

“The former Parkside Colliery site is a tremendous development opportunity and we are delighted to have joined forces with St Helens Council to bring the site back into beneficial use. At its peak some 2,000 people worked at Parkside, mainly in skilled jobs, and it would be fantastic if we could bring such job numbers back to the site.”

M6 Epic - B8RE

Epic Start for Barwood on M6 Site

After recently completing the purchase of the former Georga Pacific site on South Lancs Industrial Estate, Barwood and Legal & General Property have agreed the first pre-let on the 35 acre site known as M6 Epic.

Dole Fresh UK have agreed terms to take a new bespoke banana ripening facility of approximately 61,000 sq ft on a new 20 year lease. Construction of the new facility has recently started on site with completion due in June 2014. In addition a detailed planning consent is now in place for up to 515,000 sq ft with Barwood in advanced discussions with several other occupiers for large scale facilities.

Representing Barwood/Legal & General, Steve Johnson of B8 Real Estate said:

“We are extremely delighted to have been able to secure the first tenant on the scheme within such a short space of time which we believe was down to providing Dole Fresh with certainty over delivery timescale and by having detailed planning, infrastructure and funding in place.

“This certainty is proving attractive to other occupiers on the remaining 32 acres where we can accommodate bespoke facilities from 50,000 sq ft upwards.”

Retained agents on the scheme are B8 Real Estate, Moriarty & Co and CBRE. Doherty Baines represented Dole Fresh.