Life sciences firm takes 38,000 sq ft at business park

Life Sciences firm Seda has signed up to 38,000 sq ft at Cheadle Royal Business Park to expand it operations.

Seda has committed for the long term with a 20-year lease on The Lakehouse, having secured funding to complete a multimillion-pound transformation of the property into a state-of-the-art life sciences facility.

This investment will enable Seda to significantly scale up its current pharmaceutical development operations.

Paul Stott, CEO of Seda, said: “This was a unique opportunity to secure a prime property immediately adjacent to our current facility on Cheadle Royal, and the timing worked perfectly as we accelerate the next phase of our successful expansion strategy.”

Seneca was jointly represented by commercial property agents Canning O’Neill and Williams Sillitoe.

James Dickinson, director of Canning O’Neill, added: “We are delighted to have advised on this deal which represents one of the largest lettings in the entire South Manchester market for several years. The Lakehouse is a unique property which provides a perfect platform to support Seda’s ongoing growth. Paul and the team at Seda have first class credentials and to be able to attract and retain tenants of this quality represents a real coup for Cheadle Royal.”

Chris Bullough, managing director of Seneca Property, said: “We’re delighted to secure two major deals in close succession which validate our strategy of investing in well located sites that are attractive to employers and employees alike.”

Click here to sign up to receive our new South West business news...