Valad Property Group has let its new 185,000 sq ft distribution building at Broadway 21 in Oldham to Great Bear Distribution.
Great Bear will use the premises off the M60 to service a contract for PZ Cussons. Great Bear took a ten-year lease at an initial rent in the region of £740,000/year.
Andrew Slipper of Valad said: "Valad has a reputation for close customer care, but this letting involved working with Great Bear during their bid for the Cussons contract. It is therefore all the more rewarding as a collaborative venture with this excellent company."
The adjacent warehouse unit of 42,000 sq ft remains available. Agents acting for Valad at Broadway 21 are Colliers CRE and P3 Property Consultants.
Julien Kenny-Levick, director of logistics and industrial at Colliers CRE Manchester, said: "This deal demonstrates that there is life in the big shed market and presenting a quality product in the right location will always generate occupier interest. This letting may well be the start of a number of key transactions to occur by the end of the year."