Bolton shed deal biggest of the year in North West, so far
A lease deal by Stockholm-listed hygiene and health product company, Essity, to relocate its Greater Manchester operations is said to be the biggest in the region, so far, this year.
Essity is relocating from its current site in Horwich – where owner Arrow Capital has recently submitted plans to redevelop the 17-acre site – and taking the entirety of Bolton 280 on the Wingates Industrial Estate, with 280,698 sq ft of warehousing and 16,810 sq ft of offices, on a 10-year lease.
Sam Royle, industrial partner with Knight Frank Manchester, who agreed the deal, said: “Bolton 280 was built in 2021 by Pannatoni for Barings, to excellent specification and is in a prime position to access the consumer and industrial markets of Greater Manchester and the North West, which Essity required.
“We are seeing more inquiries from companies looking for high quality existing stock that can facilitate growth or deliver better sustainability credentials.”
Sam added: “The M61 is a popular choice for occupiers connecting to the M6, M60, and M62 motorways and benefiting from an established location and suitable labour.”
Globally, Essity employs 36,000 staff with sales across 150 different countries.
In the UK it has six manufacturing sites employing around 1,000 people, including at Trafford Park and at Stubbins Mill, Ramsbottom.
James Goode, of Avison Young, who acted on behalf of Essity in the transaction, said: “The company continues to make significant investment in the region and wanted a high quality logistics building to help support its growing sales operation.”
He said he secured “this significant building” for Essity within “constrained operational timescales”.
