Oak Tyres UK has signed for the 89,214 sq ft Hathaway 89 logistics unit in Warrington, Cheshire.
CUBE RE (Cube) acquired the newly developed, Grade A building in September 2024 on behalf of the Hathaway Opportunity Fund – its joint venture with the NFUM.
The building, which is situated on Omega Boulevard in Lingley Mere, has received BREEAM Excellent and an EPC A+ rating.
Nic Lowry, investment director at Cube, said: “We are really pleased to have let Hathaway 89, Warrington to Oak Tyres, following the acquisition the vacant property in September. This latest acquisition and letting follows on from our purchase of Hathaway 32, Poyle which was acquired and successfully let to CH Robinson, the third-party logistics company, within four months.
“We continue to look to acquire more investments for the Hathaway Opportunity Fund in the industrial and logistics sector, and with the repricing of land and stabilisation of build costs, we are keen to explore development sites in strategic locations.”
Peter Cross, commercial director at Oak Tyres, added: “Adding this new warehouse to our existing network will both bolster our overall storage capacity, and boost our service offer across North West England. Omega South is a prime distribution location – well connected to the local motorway network – and places us a step closer to tyre retailers in Warrington, Wirral, Merseyside, and Cheshire.”
Williams Sillitoe, CBRE and B8 Real Estate advised Cube on the letting and Avison Young represented Oak Tyres. TT&G advised Cube on the acquisition of the property. Gowlings WLG represented Cube on the acquisition and letting.
