PACE Logistics takes 36,000 sq ft in Irlam
US industrial investor Realterm has let Northbank 40 to the transportation firm following a refurbishment programme.
Manchester-based PACE Logistics has taken over the 36,000 sq ft unit, located on a 3.8-acre site off Bessemer Road in Irlam, which was last occupied by DPD. The lease length was undisclosed.
The PACE letting follows Realterm’s acquisition of the unit in October 2025 from the previous tenant. The investor’s refurbishment project has “delivered a series of comprehensive improvements to the facility”, according to James Goode, director at BOX4 Real Estate, which advised the landlord with B8 Real Estate.
“Northbank 40 presented a compelling opportunity in a competitive market. Realterm’s…enhancements complement the property’s existing operational strengths, including just 19% site cover, and together drove strong occupier interest ahead of completion.
“The landlord invested significantly in bringing this unit up to a modern occupier standard and that quality of finish was quickly recognised by the incoming occupier and we wish the new tenant every success at their new facility.”
Sophie Dracup, Realterm’s head of asset management for the UK, added: “Securing this new letting ahead of the completion of our refurbishment works is a true testament to the strength of occupier demand for the asset.
“Through our active asset management and targeted capital investment, combined with Northbank 40’s strategic operational characteristics, we were able to present a compelling proposition to the market, resulting in the full lease-up of the facility to a top-tier occupier.”
