Downton Distribution buys Premier Point
Pin Property Consultancy has sold the 100,000 sq ft industrial facility at Whitehouse Industrial Estate in Runcorn to the logistics specialist for an undisclosed sum.
Jeff Pike, Pin's senior building surveyor, was in charge of overseeing the project which involved modifying and extending the facility to provide a concreted yard in excess of 2.5 acres, along with refurbished offices, vehicle wash and fuel pumps.
Downton Distribution will use the facility as a North West base to service its clients in the region, including INEOA and Shotton paper.
Jonathan Thorne, director of industrial agency at CB Richard Ellis North West, who advised Pin Property Consultancy, said: "Downton started their search for a new facility in the North West last summer in order to have a centralised base for their growing operations in the region. The Premier Point facility as it stood had the potential to fulfill that provision but the completion of the sale was down to developer Cantt Pak's asset management arm, Pin Property Consultancy who have delivered a bespoke finished facility to suit all of Downton's needs. It is also encouraging to see another large deal in the market, showing that demand is still strong and buildings are being taken if the fundamentals are right for occupiers."
Imran Younus, marketing director of Pin, added: "We remain focused on delivering a property on the basis of a tenant and their business requirements. Following this successful sale we are keen to look at other opportunities where we can use our expertise to provide occupiers with the right property solutions for their individual needs."
Davies Harrison acted as joint agent on the sale with CBRE.