Guernsey-Based Jolivet Group Disposes of Large Knowsley Warehouse

13 November 2014

Guernsey-Based Jolivet Group Disposes of Large Knowsley Warehouse

Jolivet, the landlord of the Moorgate Point industrial facility in Knowsley have completed two large warehouse lettings.

The deal for previous tenant, Kammac, will re-occupy the building and relocate their HQ to the site taking 143,000 sq ft including 5,000 sq ft of offices whilst St Helens based third party logistics operator, K&A Logistics have taken 200,000 sq ft to undertake a storage contract for Dunhelm Mill.

Simon Storer from Jolivet Properties commented:

“We were pleased to welcome back Kammac as a tenant to the site as well as a new occupier in K&A Logistics. As a keen property investor in the North West industrial market we were initially nervous after being faced with 340,000 sq ft void on the site in May 2014 but the fact that our agents, B8 Real Estate and Littler Associates, have been able to re-let the space within a 5 month period it shows the strength of the occupier market.

“We were pleased to achieve rents close to £2.50 per sq ft on second-hand space that is racked and fully fitted out for occupiers to utilise immediately”.

Jolivet are believed to be actively looking for more industrial opportunities in the region to add to their portfolio.

B8 Real Estate and Littler Associates acted for the landlord.

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