£4m Cheshire Green deal completes
Cheshire-based property company Propsco has acquired two units at Cheshire Green Employment Park in Wardle, totalling 28,500 sq ft.
The two new-build units were sold by developer Tregarin NW for a combined total of £3.7m.
The largest of the two units comprises 11,200 sq ft and is currently under offer to the UK arm of an unnamed German manufacturing business.
The smaller unit measures 17,200 sq ft and is available to let.
The sale comes at the same time as the practical completion of the speculatively built units, by main contractor Portal.
Property consultant Legat Owen completed the deal on behalf of Tregarin. Propsco was unrepresented in the deal.
Matthew Pochin, director at Legat Owen, said: “This transaction marks a significant tipping point for the scheme.
“We have successfully developed a real quantum of buildings and occupiers at Cheshire Green , with around 200,000 sq ft built out and planning being sought on another 150,000 sq ft.”
The employment park confirmed three land sales last August, at a combined total of £5m.
Everything Genetics took on the largest plot, the 6.5-acre Plot 7. The medical testing kit provider aims to build a warehouse measuring more than 130,000 sq ft.
Property company Spitfire purchased the two-acre Plot 3 to develop a 30,000 sq ft unit, while Andrews Property Investment acquired the three-acre Plot 4 for a 50,000 sq ft unit.
Cheshire Green Employment Park sits off the A51. The estate has planning permission for nearly 1.5m sq ft of industrial, logistics, and open storage sites, offering development plots from one to 20 acres.
