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.