Property round-up: Quorum buys Worlsey warehouse; Avid to manage new Hill Dicks fit-out; Medina Dairies takes space at Globe Park; and more

WRIGHTSTOCK House in Worlsey has been sold to Quorum Investments for an undisclosed sum.

It has acquired the 49,926 sq ft distribution warehouse unit from Hunter Property Fund Management.

Situated on a 2.5-acre site within Wardley Industrial Estate, the premises was previously let to AF Blakemore and is now vacant.

Rob Taylor, at agent Knight Frank, said: “With excellent access to the M6 and M60 motorways, this site offers great potential for the new owners and will be suitable for a variety of uses. Quorum has plans to refurbish and re-configure the premises and we have been instructed, alongside Davies Harrison, to market the premises going forward on Quorum’s behalf.”

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MANCHESTER-based Avid is to manage the refurbishment and fit-out of law firm Hill Dickinson’s new Sheffield offices at The Balance, Pinfold Street.
 
Avid, which looks after Hill Dickinson’s national property portfolio, will project manage the refurbishment and fit out works, as well as providing CDM-C duties at the former Halliwells’ premises. The project is expected to be completed by the end of January 2012. 
 
Richard Street, building surveying director at Avid, said: “The works will provide new, contemporary meeting areas and seminar rooms for client entertaining. The designs are flexible and tailored to suit the changing needs of the firm.”
 
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UNITS 5 and 6 at Globe Park in Rochdale have been to Medina Dairies by the Greater Manchester Property Venture Fund.

The company has taken 3,500 sq ft on a five-year lease, at a headline rental of £4.25 a sq ft.

Medina Dairies is the largest independent dairy in the UK, with dairies in Hampshire and Yorkshire and 19 distribution depots across the country.

GVA and Barton Kendal were joint agents.

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ARGENT and Greater Manchester Property Venture Fund have formally exchanged legal contracts with KPMG for the firm to occupy 62,500 sq ft within the new building. 

KPMG has agreed a 15 year lease for the space which is set over the top three floors of the 13 storey building. 

James Heather of Argent says: “We are delighted to have secured this letting and that KPMG has confirmed its move to One St Peter’s Square.  We are wholly committed to delivering this building to tie in with KPMG’s deadlines. 

“As the only new build office scheme within the market this 280,000 sq ft scheme will offer unrivalled Grade A accommodation in an impressive new building, which will redefine standards in the office market and be complete in Spring 2014.”

Demolition of the existing Elisabeth House building, which is being carried out by local firm Connell Brothers, is already well underway and is expected to be completed by April next year when the appointed contractor, Carillion will start on site. 

DWF provided legal advice to KPMG, while Knight Frank was the firm’s property agent. GVA and Savills acted on behalf of the joint venture partnership, Argent and GMPVF.