Aviva Investors has let 95,980 sq ft at a distribution centre in Heywood, Greater Manchester, to herb and spice manufacturer McCormick.
New York-listed McCormick has taken a 10-year lease on the speculatively developed site, known as Link95, paying a rent of £6.35 per sq ft.
The company has a further 140,000 sq ft manufacturing unit that it occupies in Littleborough, Rochdale, which it plans to retain.
Richard Johnson, director at JLL in Manchester, which advised Aviva, said: “There is robust demand for units of Link95’s size and quality in prime locations, which continues to outstrip Grade-A supply in the region.”
Colin Lawrence-Waterhouse, asset manager at Aviva, added: “Acquiring high quality logistics assets such as Link95 through new development or refurbishment of existing buildings aligns with our client’s strategy of investing in quality assets in core locations.
“Greater Manchester is a core market for Aviva Investors and a location where we have strong appetite for speculative development. We are delighted to have secured a long-term let to the global manufacturer McCormick and look forward to building a strong relationship with them.”
Rochdale Borough Council and Rochdale Development Agency advised McCormick. JLL and BC Real Estate are joint agents on Link95, advising Aviva and developer Graftongate.
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