Property agent completes two deals on behalf of clients
Lea Green Business Park in St Helens is fully let following a succession of recent lettings.
The multi-let industrial estate owned by Stenprop comprises 151,536 sq ft and is now at full occupancy with letting agents B8 Real Estate securing several deals on the vacant space, to companies including Salus UK and Mondial Wine.
Lea Green Business Park comprises 21 high-quality industrial units on a prominent low-density site.
The estate was acquired in 2016 as part of a wider portfolio, with 25,581 sq ft vacant across six units, which gave a 17% void rate.
The recent lettings have led to rental growth, with rents now established at £5.00-£5.50/sq ft on the refurbished accommodation.
Lea Green
Anthony Mellor of B8 Real Estate said: “These latest lettings demonstrate the strength of the North West multi-let occupational market, with good demand for refurbished and well-located units.
“St Helens is a thriving industrial area and we have managed to secure a diverse range of occupiers to get the estate fully let. Lea Green’s proximity to the M62 motorway has made it particularly attractive.”
B8 Real Estate acts on a sole agency basis at Lea Green Business Park and acts on behalf of Stenprop across its wider North West portfolio.
The agent, together with Azure Property Consultants, acting on behalf of Greenstone Sovereign, has also completed the letting of a modern industrial unit at Gemini Business Park in Warrington.
Located fronting Europa Boulevard, the facility comprises a 45,000 sq ft modern warehouse with mezzanine and including a two-storey adjoining office block and was let to Bridgewater Community Healthcare NHS Foundation Trust on a 15-year lease.
The unit has undergone a full refurbishment, with the Trust consolidating a number of their clinical service operations into this single facility.
Paul Thorne, of B8 Real Estate, said: “The unique nature of the unit, together with its prominent location within the established Gemini Business Park, enabled us to secure such a well-known occupier.
“The relatively short void period and rental level achieved further reflects the strength of the Warrington property market.”
B8 Real Estate and Azure Property Consultants acted for Greenstone Sovereign. The NHS was unrepresented.
