Countryside Properties has taken 128,944 sq ft of manufacturing, storage and distribution space at NFU Mutual’s Gemini Business Park in Warrington.
The housebuilder agreed a 15-year deal on the space, known as Zodiac, ahead of completion on the site.
Gemini Business Park is a 200-acre development located next to the M62 motorway and close to the M6 and M56, about 16 miles east of Liverpool.
Tom Foley, asset manager at NFU, said: “To secure a high-calibre tenant such as Countryside Properties on the terms agreed prior to practical completion is a real testament to the whole project team.
“The decision to undertake an extensive refurbishment programme as soon as the building became vacant has been endorsed by securing a suitable occupier in such a short period of time.”
Rob Taylor, head of Knight Frank’s North West logistics and industrial team, which advised NFU Mutual, said: “The fact is that opportunities to secure good-quality buildings in prime locations such as Gemini in Warrington do not come along very often and it shows the strength of the North West market that deals like this can happen in short timescales.
“There remains a good depth to the big shed market in the region at present and this letting demonstrates that.”
Knight Frank and B8 acted for NFU Mutual. Preston O’Herlihy acted for Countryside.
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