Nolan Redshaw reports industrial demand

Michael Hunt

Independent surveyor Nolan Redshaw said 33,599 sq ft of industrial accommodation has been let since it received instructions from Nick Leslau's Max Property Group to deal with the Industrious Estates in the North West.

Leslau's Max Property Group acquired the 7.6m sq ft portfolio from receiver Ernst & Young in September last year for £227m and retained Nolan Redshaw to act on the North West sites, in conjunction with Weatheralls.

The portfolio's North West schemes amounts to 520,000 sq ft of space across 15 sites.

Since February, Nolan Redshaw said Max Property Group has secured a host of lettings, which include two deals at Lyon Industrial Estate in Altrincham, where Carole Nash Insurance Consultants has taken 4,942 sq ft of space alongside prestige doors' provider, SeaDec, which has taken 8,734 sq ft.

At Dale Industrial Estate in Radcliffe, Bury Plastics has taken 2,420 sq ft of space, in addition to producer of convenience ethnic foods, Shaheen Foods, which has taken 3,338 sq ft.

Elsewhere in the North West, TLC Autos has taken 8,802 sq ft at Littleborough Trading Estate, in Rochdale; DMW has taken 3,137 sq ft at Linnyshaw Trading Estate, in Walkden; computer support repairs company, Asta Distribution, has taken 1,476 sq ft at Peel Mills Industrial Estate in Bury; and Rock Solid Workwear has taken 750 sq ft at Parkside Industrial estate in Royton.

Paul Nolan, director at Nolan Redshaw, said: "We have had great success with the North West Industrious sites. To have secured lettings for such a considerable amount of space in such difficult market conditions is no small feat.

"The majority of available space within the Industrious portfolio is made up of smaller units. As this is an area of the market that is performing slightly better than most, the strategic location of the sites coupled with the quality of space, ensures that we can find something within the portfolio to suit most small requirements out there."

Nolan Redshaw has advised Nick Leslau in the past on ventures for his other company, Prestbury Investment Holdings.

Nick Leslau, from Max Property, added: "We have worked with Nolan Redshaw many times in the past and they are our first choice for industrial advice in the North West."

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