Double letting boost for Blackrod Industrial Estate
The property investment arm of insurance giant Legal & General has let two units at Blackrod Industrial Estate on the outskirts of Bolton.
LGIM Real Assets, via joint agents JLL, Knight Frank and CBRE, has struck deals with The Bathroom Distribution Group for a 62,499 sq ft warehouse while Gemini Kitchens will occupy 17,351 sq ft. Both agreements are for 10-year leases.
The deals mean just one 43,878 sq ft unit remains available and is due to undergo an extensive programme of refurbishment works.
The estate is on Station Road, approximately 1.5 miles from the M61 via junction 6.
Tim Packer, assistant fund manager at LGIM Real Assets, said: “These strong lettings are testament to our teams’ active asset management skills. Blackrod has become a popular place for industrial and trade occupiers and we have already received a lot of interest for the final unit.”
Robert Kos, Senior Surveyor at JLL, said: “As a result of the IPIF’s rolling refurbishment programme, both units were refurbished to a high standard, making Blackrod an attractive new base for these businesses.”
