Tesco takes back 300,000 sq ft in Middleton
The supermarket giant, which vacated Tritax Symmetry’s Tectonic warehouse at Stakehill Industrial Estate in 2010, has now reoccupied the chilled and cold storage distribution unit in order to cope with extra demand caused by the coronavirus.
Having relocated its North West distribution centre to Widnes a decade ago, Tesco, which still has five years to run on a 35-year lease at Tectonic, had been looking to sub-let the unit.
During this time Tesco has made sporadic use of the facility, including during the 2018 World Cup when Booker, which Tesco acquired for £4bn that year, used the 300,000 sq ft unit to store beer.
It is understood that a number of prospective tenants, including supermarkets and online retailers, had viewed Tectonic in the months prior to Tesco’s return.
Tesco will reoccupy the facility for one month initially to deal with the spike in demand for food, with a view to staying longer if necessary.
The unit, which was built in 1988 and underwent a full refurbishment two years ago, sits on a 21.5-acre site. JLL is acting as letting agent.