Acting on behalf of Masters Removers Group Ltd, Colliers’ North West Industrial team has agreed a pre-let of 1 Bridge Street, Golborne, Warrington a 120,815 sq ft distribution facility, from landlord Urban Logistics REIT and commercial developer Rula Developments.
A lease term of 15 years was agreed at £7.75 per sq ft.
Master Removers Group Ltd, a collection of long-established, well respected removal, storage and logistics firms across the UK, is expanding from its current warehouse at Eagle Park, Warrington and taking three times more space at this new unit, with plans to expand the business. The erection of the new Golborne site has already commenced with practical completion due in Autumn 2022.
John Sullivan, director, Industrial and Logistics Manchester at Colliers commented: “Industrial and logistics supply in the North West region is at a very critical level and the high level of demand, in a depleted supply environment has caused strong rental growth. Given the limited amount of industrial stock available, it was great to secure this opportunity before it hit the market. We look forward to continue working with Master Removers Group in the future."
Charles Richards, director at Master Removers Group Ltd added: “Our specialist logistics business Bishopsgate has over the last two years gone through an unprecedented period of organic growth and the opening of our largest warehouse to date will help sustain this growth trend over the next 12 to 24 months.”