Acting for Kames Capital, B8 Real Estate has let a 56,500 sq ft unit at Orion Business Park in Cheadle to aviation training provider CAE Training & Services UK Ltd.
The unit was previously occupied by Boeing and comprises a mixture of high bay warehouse accommodation together with three storey offices. Following a full refurbishment it has been let to CAE on a 10 year lease at the headline rent of £6.50 per sq ft.
Orion Business Park is prominently located fronting Birdhall Lane and comprises 7 detached modern warehouse / business units with current tenants including Bosch, Panalpina, and Landis & Gyr
Jim Hartley the fund manager of Kames Capital’s Active Value Closed Ended 1 Fund says: ‘We are very pleased to have secured this deal with a key occupier from the aviation industry on a long term commitment and competitive rate.’
This latest deal leaves only one unit remaining at Orion Business Park, the 44,000 sq ft Unit 1 which again provides a mixture of modern warehouse and office accommodation.