Logistics firms sign up for Gorsey Point, Widnes
Two logistics pre-lets have been completed at Gorsey Point, in Cheshire.
The deals were achieved by Mirastar, represented jointly by Savills and B8 Real Estate, and account for 92% of the overall project. Construction of the remaining eight per cent is due to complete in November this year.
The newly completed Widnes 400 is the largest speculative development in the North West to complete since 2020 and was pre-let to Supply Chain Coordination, trading as the NHS’s Supply Chain, creating 300 jobs. Cushman & Wakefield advised the occupier on the acquisition.
Also, third party logistics provider Kammac has pre-let Widnes 258, a 257,500 sq ft speculative development in the project’s second phase. The building is due for completion in November.
Located off Gorsey Lane in Widnes, the two units benefit from excellent connectivity to the regional motorway network as well as the rail freight terminal at Widnes, Garston Docks, the Port of Liverpool and Liverpool John Lennon Airport. The site is also near to the access point to the new Mersey Crossing, linking Runcorn and Widnes.
Jonathan Atherton, industrial and logistics director at Savills Manchester, said: “The supply of warehousing within the region remains significantly constrained, and we have seen high levels of interest in the developments at Gorsey Point for some time.
“Both units were let ahead of completion, signifying the ongoing strong appetite from a range of occupiers for big box industrial space in the North West.”
Jon Thorne, of B8 Real Estate, said: “With most of the speculative big sheds under construction being let pre-completion, these two lettings further demonstrate the need for additional stock in the market.”
Robert Brophy, at London-based Mirastar, said: “We identified a lack of supply in the North West region and secured Gorsey Point off-market to provide much needed space.
“The success of pre-letting Phase 1 Widnes 400 has been continued at Widnes 258 Phase 2 with the pre-let to Kammac six months ahead of practical completion.”
He added: “We continue with our business strategy of funding speculative developments across the UK, providing much needed supply to facilitate the growth of local and national businesses with new Grade A accommodation both in the North West and across the country.”