Speculative warehouse build rewarded with first occupier

THE speculative build of 711-713 Cavendish Avenue at Birchwood Park in Warrington has been completed.

PATRIZIA, the manager of the park says it has already secured the first occupier – global medical diagnostics company Werfen.

The three new units add 53,018sq ft of warehouse space to the business park.

Werfen has acquired 712 Cavendish Avenue, a 17,537sq ft warehouse with flexible design that has allowed the company to expand the space to be utilised as offices and demonstration areas.

The versatile units address a rising need for buildings that can accommodate both high quality office and warehouse space within a secure business park environment, with the added benefit at Birchwood Park of being just minutes from the M6 and M62.  

Martin O’Rourke, commercial director at Birchwood Park, said: “The new development at Cavendish Avenue builds on the success we have had at Cavendish Place. Here, 170,000sq ft of similar units offer a unique combination of office and warehouse space in one high quality building.

“It is very unusual to find this type of accommodation set within such an impressive, landscaped environment as Birchwood Park.
 
“So we are pleased to be already welcoming our first occupier to Cavendish Avenue and look forward to welcoming further new occupiers, as they choose to make Birchwood Park their home.”

Xavier Soler, financial controller at Werfen, said: “We have operated in the local area for the last 30 years, but when it came to looking for new office space, it was Birchwood Park’s community-focused environment and the diversity of its offering that stood out from the rest of the market.”

Birchwood Park is owned by a joint venture of PATRIZIA and Oaktree Capital Management. Last year PATRIZIA announced the acquisition of the 20-acre“First Street site in Manchester.

B8 Real Estate and JLL acted on behalf of Birchwood Park. WHR represented Werfen.