Cadent signs for 26,000 sq ft Stockport shed

Gaerwen Properties has let a unit at Bredbury Industrial Estate to gas distributor Cadent Gas.

The landlord was represented on the deal by Savills and Legat Owen, with the asking rent of £175,000 per year achieved.

Cadent, operator of the UK’s largest gas distribution network, has agreed a 10-year lease for the 26,611 sq ft detached warehouse unit, which also includes ancillary office space at ground and first floor levels.

9 Corrie Way is situated in the heart of the established Bredbury Industrial Estate, which is home to over 100 businesses across 220 acres.

Billy Seddon, associate in Savills’ Manchester industrial agency team, said: “Nine Corrie Way demonstrates the strength of the South Manchester market, with a letting being achieved at the quoting rent within a few months of the unit becoming vacant.

“Bredbury Industrial Estate is located in a prime position and continues to attract a diverse mix of tenants, which is reflected in strong occupancy levels and rental growth being achieved.”