Chancerygate secures new tenant at Wirral International Business Park
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Acting on behalf of Chancerygate, commercial property agent Legat Owen has signed up Ungerer to Wirral International Business Park.
The manufacturer and supplier of fragrances, essential oils and aroma chemicals, has taken Unit 1, measuring 15,273 sq ft, on a 10-year lease.
Ungerer plans to use the property as a storage depot to supplement its operations in Chester city centre.
Located at Stadium Court on Plantation Road in Bromborough, the scheme provides excellent access to the M53 motorway.
Formerly used as a data centre, the property was acquired by Chancerygate in October 2017 as part of a larger portfolio comprising four vacant properties from EE in Glasgow, Darlington, Newcastle-under-Lyme, and Bromborough.
Speaking about the deal, David Tyson, asset manager at Chancerygate, said: “Following the purchase of this portfolio from EE, we have undertaken a rolling refurbishment programme to maximise the value of these assets.
“We have successfully let Glasgow and now Bromborough, Newcastle was sold to an occupier and Darlington is under offer.”
Tom Cooley, surveyor at Legat Owen, sole agent for the scheme, added: “This property offers the ideal solution for Ungerer – a secure, self-contained building close to Chester – and provides an excellent covenant for Chancerygate.
“The standard of the refurbishment and our client’s proactive approach to securing this deal meant we were able to agree a good quality tenant improving the investment value for the client at a rent over £5 per square foot.”
Ungerer was unrepresented.