Aviation specialist moves into Stockport business park
A unit at a business park in Cheadle has been let to an aviation training specialist.
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 includes a mixture of high bay warehouse accommodation together with three storey offices.
Following a full refurbishment it has been let to CAE on a ten year lease at the headline rent of £6.50 per sq ft.
Orion Business Park is located on Birdhall Lane and includes seven 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 said: “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.