Fieldstone Developments has let the 140,000 sq ft Haydock 140 unit in Merseyside to AVK SEG (AVK).
The company has agreed a 15-year lease on the facility at a headline rent for the North West of £12.50/sq ft. Strategically located at Junction 23 of the M6 motorway, the unit forms part of the Haydock Green industrial and logistics scheme.
Fieldstone Developments is a joint venture between Barnfield Construction and a private individual with funding provided by Together Money.
Tim Webber, chairman of Barnfield Construction, said: “We took the considered decision to speculatively deliver a state-of-the-art logistics facility capable of attracting a high calibre occupier. The strength of the location, combined with the quality of design and specification, has proven compelling, and securing AVK underlines both the depth of demand and the long-term appeal of Haydock as a strategic distribution location.”
Jon Thorne, director at B8RE, joint letting agents with Colliers, added: “Haydock 140 represents the most prominent building on the M6 corridor, combining landmark architecture with a best-in-class, high-specification design. AVK’s requirement was clear: to secure a high quality, statement facility to establish its presence in the region. Haydock 140 provides the ideal platform to support its continued growth and long-term ambitions, and we are pleased to have secured such an ambitious and fast-growing business as the occupier.
“This investment is also significant for St Helens and the wider Liverpool City Region, bringing a significant number of high quality employment opportunities and further reinforcing the area’s strength as a strategic business location.”
