Travis Perkins snaps up Warrington distribution base

BUILDERS merchant Travis Perkins has acquired a 109,000 sq ft warehouse south of Warrington at Appleton.

It has bought a building in Lyncastle Road from logistics group Kuehne + Nagel for an undisclosed sum.

The location will give Travis Perkins easy access to the M56 and the M60.

In July it secured planning consent for a 630,000 sq ft logistics base at Omega, north of Warrington on the M62. Last month it agreed a £52.8m sale and leaseback deal on the site with Standard Life Investments.

CBRE and Clews & Co acted for Kuehne + Nagel, while Colin Chivers, of North West based occupier specialist, CP Property Consultants, represented Travis Perkins.

CBRE director Paul Cook said: “The sale created a unique opportunity to acquire a  distribution facility in one of the North West’s prime locations and we were not surprised that the disposal was completed within six months of marketing. The continued lack of available stock and demand from occupiers resulted in several parties expressing serious interest before the sale to Travis Perkins who are relocating one of their northern distribution facilities.”