Stobart closes in on Gladman’s Manor Park 360
7 October 2009 10:00
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Cheshire-based developer Gladman is in advanced discussions with logistics giant Stobart over a deal at the 367,860 sq ft distribution unit in Runcorn.
Gladman's vacant unit is part of the 300-acre Manor Park off the Daresbury Expressway, held in various ownerships.
Stobart, which already has facilities in the area including the 3MG multi-modal terminal in Widnes, is believed to be negotiating a leasehold deal. Quoting rents are £4.75/sq ft and freehold price £60/sq ft.
WHR and Lambert Smith Hampton are advising Gladman. Stobart is advised by GVA Grimley. All parties declined to comment.
