L&G lets 80,000 sq ft at Bolton industrial park
Legal & General has let two units totalling nearly 80,000 sq ft at Blackrod Industrial Estate in Bolton on behalf of its industrial property investment fund.
The Bathroom Distribution Group has taken the larger of the two lettings at 62,500 sq ft, while Gemini Kitchens has leased a smaller unit of 17,300 sq ft.
Both businesses have agreed a ten-year lease on the properties, with rents of £5/sq ft for the smaller unit and £4.25/sq ft for the larger unit.
The estate, on Station Road just off Junction 6 of the M61, has one unit of 44,000 sq ft remaining. This is due to be refurbished in the coming months.
Tim Packer, assistant fund manager at L&G, said: “These strong lettings are testament to our teams’ active asset management skills. Blackrod has become a popular place for industrial and trade occupiers and we have already received a lot of interest for the final unit.”
The joint agents are CBRE, JLL, and Knight Frank.
