Logicor lets 84,500 sq ft in Cheadle
Global beauty distributor Ecotrade Europe has agreed terms on the space at Lawnhurst Trading Estate, taking the Stockport park to 95% full.
Ecotrade Europe is a distributer of beauty products and accessories through a variety of brands including Beauty Industry Group.
Unit 13 is the largest multi-let industrial (MLI) space that Logicor has leased in the UK, this year following its extensive refurbishment of four assets on the estate, three of which are now occupied.
The transaction brings Logicor’s portfolio of 16 assets on the 199,000 sq ft Lawnhurst estate to 95% occupancy, with only one unit remaining available after six deals this year.
Located on Bird Hall Lane, the unit sits on a secure, self-contained site within the Lawnhurst Trading Estate, accessed via Oakhurst Drive and near Junctions 1 and 2 of the M60.
The deal with Ecotrade comes after Unit 13 underwent a comprehensive refurbishment to obtain an EPC B rating, installation of EV charging facilities, air source heat pumps, LED lighting, provision of an extensive yard and parking and a new insulated roof covering.
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The only remaining available space onsite, Unit 14, is an 11,336 sq ft facility that has been upgraded with the same quality enhancements as Unit 13.
James Carney, UK director of asset management, Logicor, said: “This latest letting at Lawnhurst Trading Estate underscores the high-level of demand for quality and sustainable logistics facilities near Manchester. Our decision to invest in modernising our existing assets in the area has been a success, with the facilities being quickly re-let to a great mix of occupiers.”
Martin Williams, president EMEA of Beauty International Group, said: “We are incredibly excited to be expanding into a newly refurbished premises that will quadruple our operational capacity—marking a major leap forward that equips us with the infrastructure to scale at pace, unlock new opportunities and deliver on the bold ambitions we’ve set for the business and our partners.
“The ease of working with Logicor and their team has made our relocation to Lawnhurst estate a straightforward and efficient experience.”
Alongside JLL and B8RE, Williams Sillitoe acted for Logicor. Director Mark Sillitoe said: “The quality of this asset and the lack of competing space in the South Manchester market generally made it an easy decision for the tenant and this deal highlights the ongoing attractiveness of the South Manchester market for warehousing and logistics operators.”
Logicor’s portfolio spans more than 19m sq m of warehouse space in key transportation hubs and close to major population centres. The firm is headquartered in London and Luxembourg.
