Oceanic Estates invests in Runcorn

The Cube
Advised by industrial specialist LM6, Southampton-based Oceanic Estates has purchased the former Baldwin Filters regional distribution facility at Preston Brook in Runcorn, for an undisclosed amount. Known as The Cube, the 152,871 sq ft facility was bought speculatively and is offered for lease on new FRI terms at a quoting figure equivalent to £5.50 per sq ft per annum. Phil Morley, director at LM6, said: “This is one of the largest distribution units sold this year in the region and this latest investment by Oceanic Estates... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...