17 May 2012
For property and regeneration professionals

Colliers advised Asda on its purchase of 625,000 sq ft cold store at Kingsway Business Park, Rochdale

Colliers advises on 52 industrial deals in 'difficult' year

1 Feb 2012, 16:33

Colliers International's Manchester-based industrial team handled 52 deals last year, representing a total of two million sq ft.

The number of deals was down by 22% from 67 in 2010 when the total floor space was 3.4 million sq ft, but the team said the year-on-year change reflected the "difficult" state of the industrial market and the wider challenges in the economy.

Key deals by the team, headed by director Julien Kenny-Levick, included Asda's acquisition from Wilson Bowden of a 625,000 sq ft specialist chill facility at Kingsway Business Park, Rochdale.

Colliers also let a 360,000 sq ft new distribution space on G Park Liverpool at Knowsley to parcel delivery giant DHL on a 10-year lease on behalf of Gazeley UK, and advised Waitrose on its 400,000 sq ft distribution centre at Chorley, Lancashire.

Kenny-Levick said: "2011 was a very successful year for the team and we are pleased to have provided key advice to the likes of Asda. However, the market remains a very testing and competitive environment and maintaining this momentum is a key challenge for the team as we enter 2012."

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