Transport group signs 10-year lease at Preston industrial estate

Walton Summit

Skelmersdale-based logistics group Kammac has taken a lease on a unit at Preston’s Walton Summit Industrial Estate.

The fast growing third-party logistics provider signed up for its second new property in four months.

The deal involves a 10-year lease on an 85,757 sq ft unit in Four Oaks Road at a rent of £5.50 per sq ft.

Kammac also recently signed up for a 205,000 unit in St Helens.

B8 Real Estate and Knight Frank advised on both lettings.

Walton Summit will be the ninth location for Kammac, a family-run business which also has sites at Knowsley, Wavertree, Runcorn, Manchester, Worksop and Burton-on-Trent.

The latest site, the largest industrial estate in Preston, is less than a mile from the intersection of the M6, M61 and M65 and home to companies including Yodel, Parcelforce, Scania and James Fisher Nuclear.

Will Kenyon, of B8 Real Estate, said: ‘’Walton Summit is a popular location with an established, long standing occupier base.

“Given the low turnover and the lack of availability in the wider Preston area, the unit attracted very strong interest from the outset.”

He added: “As the existing tenant surrendered the lease early to facilitate the deal, there was no void period, which is further evidence of strong levels of demand we are seeing.’’

B8 Real Estate acted on behalf of the landlord in the latest deal, while Knight Frank advised the outgoing tenant, Panther Logistics. Andrew Littler, at Littler & Associates, advised Kammac.