Success at Globe Park, Rochdale

4 June 2019

Success at Globe Park, Rochdale

Acting on behalf of Stenprop, B8 Real Estate have secured a number of lettings at Globe Park in Rochdale.

The multi-let estate, which is close to junction 20 and 21 of the M62 motorway comprises 38,000 sq ft of industrial / warehouse accommodation across 17 units.

Stenprop acquired the estate at the beginning of 2018 with a 36% vacancy rate. As of June 2019, the estate is at full occupancy further to the recent lettings with a new rental tone upwards of £5.00 per sq ft.

Occupiers on the estate now include engineering firm JSD rail and kitchen manufacturer Thomas Ford & Sons.

Anthony Mellor from B8 Real Estate commented “Globe Park is a high quality; modern estate and we have managed to attract very strong occupier interest across a range of sizes. Through various asset management initiatives, we have been able to substantially reduce the void and improve the rental tone across the estate”.

B8 Real Estate are joint agents on the Rochdale scheme with Barton Kendal.

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