Rexel’s Runcorn shed changes hands

Rexel’s Runcorn shed changes hands
DISTRIBUTION group Rexel UK has sold its Manor Park facility at Blackheath Lane, Runcorn to investment firm, The Blackstone Group.

DISTRIBUTION group Rexel UK has sold its Manor Park facility at Blackheath Lane, Runcorn to investment firm, The Blackstone Group.  

The 343,012 sq ft warehouse has been vacant for a number of years following Rexel’s relocation.

The value of the deal was not disclosed.

Jason Print, partner at Cushman & Wakefield who advised Rexel, said: “This is an excellent investment opportunity for Blackstone as the availability of large modern sheds continues to fall – not only in the North West region but throughout the country.

“With a number of new, live requirements coming to the market, this facility will be one of the only readily available options for prospective tenants to consider.”

Moriarty & Co represented The Blackstone Group.

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