Nantwich industrial park relet
Reaseheath College and Blue Machinery (Central) have taken over Hurleston Business Park, the former home of salvage and vehicle recycling company Synetiq.
Legat Owen secured the leases on behalf of park owner Carlton Holdings.
The business park boasts 28,000 sq ft of industrial buildings and a 2.5-acre yard area. It has been split between the college and Blue Machinery, with the former taking the buildings and the latter opting for the yard area.
“Sites with this potential rarely come forward in this area,” said Andy Butler, director at Legat Owen.
“By splitting the site, we have been able to agree deals with two excellent occupiers which both provide strong covenants for our client.”
Reaseheath College signed a 15-year lease for the buildings, repurposing the facilities for its Reaseheath Engineering Apprenticeship Academy and construction plant apprenticeships training hub. The college has spent £250,000 to upgrade the space to meet its needs, as well as to install training equipment.
“Working with Legat Owen, we have been able to acquire the lease of a first-class site which is ideally located and suited to the delivery of engineering apprenticeship training, particularly in the growing area of green technology, which is core to the businesses of our industry partners,” said Graeme Lavery, Reaseheath’s vice principal for finance and resources.
“The detailed process of negotiating the lease details was made easier with the proactive support of Legat Owen,” Lavery continued. “This ensured Reaseheath College was able to reconfigure the site and welcome the first students to the new centre of excellence just four months after agreeing the initial heads of terms.”
Blue Machinery has signed a 10-year lease for the 2.5-acre yard area at Hurleston Business Park. The company will use the site to both distribute and repair capital equipment used in the construction, quarrying, demolition, ports and scrap industries.
“Locating and securing this site so quickly to meet a January deadline has enabled us to enter 2022 with a new product line and create up to 15 jobs immediately,” said Pat McGeary, chairman for Blue Machinery.
Hurleston Business Park was the old home of Synetiq, which relocated to Winsford in the summer of 2021.
