d Warrington South mileway p inform

3D Warrington South is the new home of Midon. B8RE advised on both deals. Credit: via Inform Comms

Mileway doubles up in shed market

The last-mile specialist provider has tied up deals with Midon Logistics in Warrington and HTC Group in Runcorn, amounting to a combined 68,000 sq ft.

Advised on both deals by B8 Real Estate, Mileway has agreed long-term leases in both locations.

Located at the intersection of the M56 and M6 motorways, 3D Warrington South is the new headquarters of Midon Logistics, a global logistics service provider. Taken to facilitate continued expansion, the newly renovated 25,000 sq ft unit at the Warrington South Distribution Park features an integrated office area, large concrete yard and secure perimeter with gated entrance.

In Runcorn, HTC has taken occupancy of Fairoak 43, a modern unit in the Whitehouse Vale Industrial Estate. Accessible via Northwich Road and the A56 Chester Road adjacent to the M56, the food supplements and vitamins wholesaler is using the 43,000 sq ft space as its base to supply customers across the UK and beyond.

Andrew Jones, Mileway managing director for UK & Ireland, said: “We are proud to provide premium commercial properties in the dynamic and vibrant region of the North West – a prime business location with its excellent transport links, skilled workforce, competitive operational costs and supportive business environment

“On behalf of all of us at Mileway, we wish both customers continued success as they expand and contribute to the region’s economic growth and social vitality.”

B8RE associate director Alex Perratt added: “It’s fantastic to see both leases complete. These transactions demonstrate the strong demand for good quality spaces in prime locations. Both timely lettings highlight the market’s resilience and the value of well-positioned properties.”

Set up by global private equity powerhouse Blackstone in 2019 to dominate the emerging last mile market, Mileway now has an owned portfolio of more than 1,600 properties totalling 150m sq ft across 10 countries.

Among recent deals was a 100,000 sq ft transaction to secure e-commerce firm Pennguin at the Viking Industrial Park, South Tyneside.

With a team of around 500 employees and a local presence in each of its markets, the company serves more than 9,000 customers from a wide range of industries.

Fairoak runcorn mileway p inform

Fairoak 43 now houses vitamin supplier HTC. Credit: via Inform Comms

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