Logicor has let the 84,502 sq ft Unit 13 at Lawnhurst Trading Estate in Stockport to global beauty distributer Ecotrade Europe.
Following completion of the deal, Logicor’s portfolio of 16 assets at the 199,000 sq ft Lawnhurst Trading Estate is 95% occupied with only the 11,336 sq ft Unit 14 available to let.
Unit 13 and Unit 14 have been comprehensively refurbished with EV charging facilities, LED lighting and air source heat pumps installed, boosting their EPC rating to a B.
James Carney, UK director of asset management at Logicor, said: “This latest letting at Lawnhurst Trading Estate underscores the high-level of demand for quality and sustainable logistics facilities near Manchester. Our decision to invest in modernising our existing assets in the area has been a success, with the facilities being quickly re-let to a great mix of occupiers.”
Martin Williams, president (EMEA) of Beauty International Group, added: “We are incredibly excited to be expanding into a newly refurbished premises that will quadruple our operational capacity – marking a major leap forward that equips us with the infrastructure to scale at pace, unlock new opportunities and deliver on the bold ambitions we’ve set for the business and our partners. The ease of working with Logicor and their team has made our relocation to Lawnhurst estate a straightforward and efficient experience.”
Mark Sillitoe, director at Williams Silltoe, which alongside JLL and B8RE acted for Logicor on the letting, said: “The quality of this asset and the lack of competing space in the South Manchester market generally made it an easy decision for the tenant and this deal highlights the ongoing attractiveness of the South Manchester market for warehousing and logistics operators.”
