We have secured our first tenant at our new £5.8m industrial development in Runcorn less than a month after launching.
Fast-growing chemical company, Manchester Organics, has signed a lease for 4,499 sq ft of space at Unit 9 Astmoor Point.
We launched the nine-unit development last month and are already attracting significant levels of interest.
Our new lease represents a record headline rent for industrial space in Runcorn.
Astmoor Point is conveniently located beside the Mersey Gateway and totals 25,829 sq ft of prime industrial space, with units ranging from 2,666 sq ft to 10,644 sq ft. Each unit comes complete with private parking, individual loading areas and personnel access.
We have also recently undertaken extensive refurbishments to a number of our assets on the Runcorn-based Manor Park Industrial Estate. Our investments include full new roof coverings, synthetic-coated floors and enhanced energy performance credentials.
Both sites form part of our extensive 15m sq ft portfolio of commercial property in the UK, with 7m sq ft of continuously evolving new build industrial development in our pipeline.
Tim Knowles, Founder and Managing Director of FI Real Estate Management, commented: “Astmoor Point reflects our ambition to significantly enhance the quality of industrial space in Runcorn through the provision of prime commercial units. Signing a deal that sets a new headline rent, less than a month after launching, is testament to what we have achieved.
“I’d like to welcome Manchester Organics to the development and look forward to seeing the rapidly growing company thrive in these new facilities.”