Warrington commercial parks secure clutch of lettings
Retailer Wren Kitchens has signed a 10-year lease on 14,000 sq ft at Junction Nine Retail Park, while almost 15,000 sq ft of deals have been struck at the Winwick Quay industrial scheme.
Wren intends to move its Warrington store to Junction Nine from its current base at Riverside Retail Park, after signing to occupy Units 6D and 6E, which were previously occupied by collapsed retailer Mothercare.
Wren’s store is expected to open in the first quarter of 2021. Agency CSP acted for developer and landlord The Derwent Group and Mason Partners acted for Wren.
Junction Nine Retail Park, which sits on Winwick Road just off the A49, totals 188,000 sq ft of retail space and 963 car parking spaces. An additional 50,000 sq ft is under development as part of Derwent’s expansion of the park.
Other retailers include Currys PC World, Pets at Home, Home Bargains, Nando’s and Starbucks.
James Maule-Finch, senior asset manager for The Derwent Group, said: “This is exceptional news for Junction Nine, particularly in the middle of perhaps the most challenging retail market in history. It shows that even in difficult times, retailers will commit to the right locations.”
Meanwhile, wholesaler Warrington Cash & Carry has signed to lease 5,700 sq ft at Colville Court, one of the industrial units at Winwick Quay, which is owned by LaSalle Investment Management.
Another wholesale retailer, Kenji UK, has taken 5,400 sq ft, also at Colville Court, while Eskens, an existing tenant, has signed to take an additional 3,483 sq ft.
The 400,000 sq ft industrial scheme, which is just off the M62 three miles from Warrington town centre, was developed by Winwick Quay, a consortium of private investors, and sold to LaSalle Investment Management for around £24m in 2015.
The scheme offers industrial and trade counter accommodation across three individual sites – Colville Court, Cameron Court and Chetham Court. The latest deals take the Colville Court part of the scheme to fully let and just two 12,200 sq ft units at Cameron Court remain available.
JLL and Knight Frank are the joint lettings agents for Winwick Quay.
Josh Downes, surveyor in JLL’s industrial and logistics team in Manchester, said: “Despite Covid-19’s omnipresence, we have continued to see high demand for quality industrial units in strong regional locations such as Warrington.
“Following an extensive refurbishment programme by LaSalle, the estate now boasts a strong line-of up occupiers, with Colville Court now fully let and leaving only two units on the neighbouring Cameron Court available.”