Monte Blackburn lets 94,400 sq ft in Burnley
Cosmetics and toiletries manufacturer Badgequo has signed a 15-year lease on a unit at Frontier Park.
The firm has agreed terms on a 94,400 sq ft shed at Monte Blackburn’s Burnley industrial scheme.
The deal is the second at the development following a 157,000 sq ft letting to Stolle Machinery last year.
Another 93,000 sq ft unit is under offer and due to complete before the end of the year. The largest shed, a 158,000 sq ft unit, is due to complete this summer along with another 39,000 sq ft unit with Barnfield Construction currently on site.
Once complete, Frontier Park will provide 540,000 sq ft of industrial space close to Junction 9 of the M65.
Alex Kenwright, development director of Monte Blackburn, said the scheme will provide a boost for “a market starved of well located, BREEAM Very Good and EPC A rated modern units”.
“With a healthy enquiry schedule, we are targeting a fully let scheme by Christmas.”
Trevor Dawson and B8 Real Estate are joint agents at Frontier Park.
Michael Cavannagh, director at Trevor Dawson, said: “Managing to secure a prestigious name such as Badgequo for the Business Park is great news.
“This illustrates the quality of buildings that are being developed on site and is further good news for the borough of Burnley and the wider Lancashire area.
On the back of the deals to Stolle and Badgequo we are also currently in legals on another unit within the Business Park with FP4 which is 93,800 sq ft also under offer. We hope to announce further good news shortly.”
Barnfield Construction is currently on site delivering the final two units. FP3, which is 158,000 sq ft, will be completed in the summer and FP4 which is 93,800 sq ft will be completed towards the end of the year.
Steve Johnso, director at B8, said: ‘’Monte’s commitment to build the scheme speculatively has been rewarded with both lettings being secured before completion.
“Interest is being shown in the remaining units from both local and regional occupiers highlighting the quality of the specification and location.’
Freeths provided legal advice to Monte Blackburn on the lease with Badgequo being represented by Ashfords.
