M7 Real Estate has announced a letting of 18,000 sq ft to Shearings Leisure Group within Waterside House, Wigan, which the investor is billing as the largest letting in a decade to take place in the town.
Shearings, an operator of escorted tours and leisure hotels, has agreed a 10-year lease for three floors of the previously vacant Waterside House.
John Murnaghan, head of UK Real Estate at M7, said: “This letting further demonstrates the attractiveness of Grade A accommodation in regional office locations, something that has been a key factor in the outperformance of the M7 REIP II investment fund.
“Waterside House is considered the best office in Wigan due to its unparalleled location and quality of space, and as a historic and well-established local business, Shearings is the ideal tenant for this building and we are pleased to have provided their team with a new HQ in a space that truly reflects both the business’s brand and Wigan heritage.”
Shearings was advised on the deal by Rob Hayes of Schofield Sweeney, and Dan Crawshaw of Parkinson Real Estate. GVA is the agent for the building.