Peel sells to occupier at Ellesmere Port
Glass recycling business Recresco has completed a deal with Peel Ports to purchase the 12-acre site, which it has occupied as a tenant for 12 years.
Recresco said that the deal – the value of which was not disclosed – would secure its long-term future at the site, the largest one of the three the Nottingham-headquartered business runs across the UK. The Ellesmere Port site covers around 12 acres and is served by road, rail and the Manchester Ship Canal.
Terms of the deal were not disclosed. The business dealt directly with Peel Ports on the transaction, while B8 Real Estate is acting for Peel Ports on the balance of the wider site, comprising 42 acres.
Tim Gent, director at Recresco, said “This purchase marks an exciting period of development for Recresco as we work toward our long term future, investing in market-leading glass sorting technology to drive advanced glass recycling, improving our facilities and opening up employment opportunities in the area.
“We have occupied the site at Ellesmere Port since 2008 and find the location and facilities provide the perfect backdrop for our recycling activities.
“The site is ideally placed to serve Recresco being far removed from any housing with strong infrastructure in place to support our business including rail links, a supply of natural gas and the connection to the Greater Manchester Ship Canal.
“This means we can move glass in and out of the plant with minimum disruption to residents and without reliance on road transport which could risk overwhelming the local regional road network.”