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Place North West | Full house at Dukinfield estate

Neil Tague
A 32,000 sq ft letting to Ego Shoes and a 19,500 sq ft expansion deal for textiles firm Turner Bianca have taken Paloma Capital’s Globe Industrial Park to fully let.
Paloma was represented jointly by Savills and Littler & Associates on the deals at the Tameside holding.
Ego Shoes agreed a 10-year lease on Unit 5B of the scheme, while Turner Bianca has signed for additional space at Unit 17 on a five-year lease on behalf of a retailer client.
Globe Industrial Park comprises a total of 560,000 sq ft across 30 acres, Globe Industrial Park is strategically located to the East of Manchester with excellent links to the motorway network. ....

Savills Manchester , Neil Tague , Turner Bianca , Jonathan Williams , Littler Associates , Globe Industrial , Ego Shoes , Paloma Capital , Globe Industrial Park , Industrial Park , நீல் குறிச்சொல் , ஜொனாதன் வில்லியம்ஸ் , சிறிய கூட்டாளிகள் , பூகோளம் தொழில்துறை , ஈகோ காலணிகள் , பலோமா மூலதனம் , தொழில்துறை பூங்கா ,

Harworth Group in £12.7m deal for former Golden Wonder food factory site

Submitting.
It is located on Everite Road, Widnes, Towngate Business Park provides easy access to the M62 via the M57 (1 mile) and south to the M56 (1 mile), leading to the M6.
The asset is fully let and generates rental income of £958,000 per annum.
Harworth said the transaction was in line with its growth strategy and added it intends to invest in the estate, leveraging its asset management expertise to capture rental reversion and explore infill development opportunities over the medium term.
The acquisition has been funded by proceeds from the company s active churn strategy in its income portfolio, recycling capital through the disposal of non-core assets or those where the Group has completed its asset management business plans. Most recently, this manifested in the £3.35 million sale of Lynfield Park, the former Alcan Rio Tinto smelter in Northumberland, in February 2021, ahead of book value. ....

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Place North West | Harworth makes £12.7m buy

Neil Tague
Industrial developer Harworth Group has acquired Towngate Business Park, a multi-let industrial estate in Widnes, from Yorkshire property company Towngate.
The asset is fully let and generates rental income of £958,000 per year with an average unexpired lease term of 4.3 years. The deal reflects a net initial yield of 7.1% and a reversionary yield of around 9.4%.
Harworth was advised by Metis and Freeths, while B8 Real Estate and Littler Associates represented the vendor.
Towngate Business Park, a former Golden Wonder factory, comprises 262,000 sq ft of industrial space, now divided into nine warehouse units ranging from 4,000 sq ft to 77,000 sq ft; along with 3.8 acres of open storage. Occupiers include Aggreko UK, Xpel Marketing, Initial Packaging and QA Flooring. ....

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Place North West | Law Distribution agrees 130,000 sq ft St Helens expansion

Dan Whelan
The logistics firm has signed a 15-year lease with landowner William Fishwick & Sons to occupy a speculative warehouse next to its existing headquarters at Haydock Cross Industrial Estate.
Under the terms of the deal, Law Distribution will design and build the 120,000 sq ft warehouse on Kilbuck Lane, known as Arc 130, and work to erect the steel frame has begun.
Construction of the facility, which will include 12,000 sq ft of offices, is expected to complete later this year.
The landlord was represented by Colliers International.
William Fishwick appointed Colliers and Littler & Associates to market the eight-acre site in 2016 having been granted planning consent for its redevelopment by St Helens Council the same year. ....

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