Packaging firm signs 10-year lease at Widnes 108 site

Logicor has secured a new 10-year lease with an international packaging company at Widnes 108, taking the Platform portfolio, that Logicor asset manages, to 100% occupancy up from 89.7% in just 12 months.

Logicor assumed management of the 4.25 million sq ft portfolio in October 2020 and has since welcomed AX to L49 in Lichfield and Super Smart Services to Lichfield L117 and Worcester 163.

Widnes 108 totals 107,222 sq ft of Grade A speculatively-built business space which the new occupier will use to produce sustainable packaging in support of its growing ecommerce customer base.

Tom Blakely, director, asset management – UK, Logicor, said: “This is an exciting new addition to our UK portfolio with a customer leading the way in sustainable packaging, and we are very pleased to welcome them.

“As the last unit to let in this portfolio, we are now focusing on the available land nearby in Widnes and Lichfield which present ideally located build-to-suit development opportunities.”

Logicor, along with development manager Stoford, recently secured planning permission for up to 360,000 sq ft of new industrial and warehouse facilities at Widnes 360, offering flexible options from 50,000 sq ft upwards.

Widnes 360 is strategically located with direct access to the national motorway network via the Knowsley Expressway.

DTRE and Avison Young are retained as letting agents at Widnes 360.