Healthcare giant Kimberly-Clark has finally concluded the deal to acquire the leasehold on plumbing parts supplier Wolseley's vacant warehouse in Chorley.
The deal, mooted on Place last October, sees Kimberly-Clark take an 11-year lease at the 360,000 sq ft unit in Revolution Park. The building is owned by F&C Commercial Property Trust. Kimberly-Clark makes household brands including Kleenex tissues and Huggies nappies.
Colliers International represented Kimberly-Clark on the search for a shed on the M6 corridor and F&C Property Trust. Wolseley UK was advised by Cushman & Wakefield.
Mike Walker, head of Colliers International in Manchester, said: "This is yet another deal that demonstrates both the improvement in the North West big shed market and also the strength of the funding market for this kind of unit let to undoubted covenants like Kimberly-Clark."
Jason Print, partner at Cushman & Wakefield, said: "We were pleased to have completed this deal efficiently minimising the void period for our client. This important transaction is one of the biggest industrial deals to have been agreed in the North West this year."