Express Gifts signs for The Bear
Mail order business Express Gifts has agreed a 10-year lease on The Bear, a 105,000 sq ft distribution facility in Widnes.
Threadneedle is the landlord on the Ditchfield Road warehouse, which was previously let to outdoor clothing retailer Gelent.
Express Gifts took the facility as part of a property consolidation exercise from a number of different other sites in the region.
The quoting rent is £2.75/sq ft.
B8 Real Estate represented Threadneedle. Davies Harrison acted for the tenant.
Jon Thorne, partner at B8RE, said: "The Express Gifts requirement started specifically in the Manchester area but was widened to a North West search area given the lack of any suitable options around Manchester. This shows how occupiers are prepared to widen their search areas when they have warehouse requirements given the lack of suitable buildings that are available to them in the market."
