Property market “buoyant” in Warrington as Omega continues to expand

Warrington’s property market remains strong, and in 2016 reached the second highest level of investment transactions since 1999.

Warrington & Co. today published their 19th Annual Warrington Property Review which found that despite upheaval in the wider world, the Warrington market remained “buoyant”.

Over half of the £92.1m traded in investment deals was generated through industrial transactions, it said.

The office market showed an increase of 20% in total floor space transacted, as well as an improved average deal size of 7,114 sq ft with significant lettings to Muller, Canon and Ofcom.

Smaller lettings of between 2,152 sq ft and 4,305 sq ft accounted for 42% of all those completed.

Warrington & Co said the market had been buoyed by major mixed-use development Omega, which it descirbed as an area of “consistent interest”.

Omega saw the two largest industrial deals of the year to Domino Pizza and to an, as yet, un-named occupier.

Cllr Terry O’Neill, leader, Warrington Borough Council said: ‘Warrington’s economy continues to boom. As a city we consistently outperform the rest of the region and much of the UK in our economic performance as is evidenced yet again in this review.

“Warrington has very ambitious plans to uphold that economic position and trajectory through our growth framework, Warrington Means Business’

Steve Park, managing director of Warrington & Co., Warrington’s partnership for growth, said: “Warrington has gradually become renowned across the UK for offering an excellent investment experience, a message that is being broadcast not just by the local Council or Warrington & Co. but importantly by the investors themselves, this is resonated by the statistics presented here today.

“These are exciting times in Warrington, despite the economic uncertainty the city is bristling with optimism.”