Two deals take Artis Park up to 60% occupancy
Occupancy levels have risen to 60% at Artis Park, in Winsford, following two further lettings.
Joint venture partners Maple Grove Developments and Kier Property Developments have announced that Gemco has signed up to unit 10 measuring 26,620 sq ft on a 15-year lease and City Plumbing has taken unit 3, comprising 4,069 sq ft on a 10-year lease.
Last summer the British Red Cross signed up for units 11 and 12, totalling 26,770 sq ft.
Meanwhile, phase two of the scheme is nearing completion, led by HP Construction, which will offer 53,000 sq ft of employment space across three units ranging in size from 10,560 sq ft to 26,620 sq ft.
The entire industrial and trade counter development comprises 122,000 sq ft of floorspace with flexible units ranging in size from 4,000 sq ft – 26,620 sq ft.
Nik Puttnam, senior development manager at Maple Grove, said: “We’re really encouraged by the quality of occupiers enquiries we are receiving. Gemco and City Plumbing are an excellent addition to our tenant line up and we have agreed heads of terms on units 8 and 9 with other occupiers which, if successful, will take the occupany rate up to 83%.”
Henry Martin, senior development manager at Kier Property, said: “We have made excellent progress on lettings, particularly over the last six months with potential occupiers able to see first hand the offer here at Artis Park.
“The £5m loan provided by Cheshire & Warrington Local Enterprise Partnership has allowed us to create a high quality industrial development for expanding businesses and we look forward to announcing more deals in the coming weeks.”
Matt Pochin, director at Legat Owen, joint agents for the scheme with Gerald Eve, said: “Artis Park builds on Winsford Industrial Estate’s reputation for being one of the most sustainable and well connected business destinations in the region. Requirements are coming through at a steady pace and with a lack of good quality sites available to the standard of Artis Park, conversion rates have been very respectable.”
Winsford Industrial Estate is the UK’s first Green Business Park and has benefitted from significant environmental improvements. Winsford was also the first estate in the UK to become a Business Improvement District.
Gemco represented themselves and Mason Owen represented City Plumbing Supplies.
