City Link buys industrial unit
Parcel delivery company City Link is selling two of its sites following the acquisition of a 67,811 sq ft industrial unit at Appleton Thorn trading estate in Warrington.
The new property on Lyncastle Lane, previously a distribution warehouse owned by MFI, recently underwent an extensive £800,000 refurbishment and is located close to junction 20 of the M6. City Link did not wish to disclose the cost of the property.
Following the collapse of MFI, the unit returned to guarantor Galliform, which bought the property from a private landlord for an undisclosed sum.
Other occupiers on site include G & J Greenall, TDG, Kuehne and Nagel, Currie European Transport, Eddie Stobart, Iron Mountain and DPD.
City Link has appointed the Manchester office of DTZ to dispose of two of its former units. These include a 30,517 sq ft warehouse at Speke Approach in Widnes built in 2004 and a 21,830 sq ft unit at Barleycastle Lane, Appleton Thorn.
Tony O'Keefe, industrial director at DTZ, said: "We are pleased to have concluded this deal and to have been appointed by City Link to dispose of its former premises. With its strong motorway links and strategic location, this recent acquisition at Appleton Thorn meets City Link's requirements and provides it with a new and expanded home in the region."
