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FTS Hatswell takes 104,000 sq ft unit at Chester

FTS Hatswell takes 104,000 sq ft unit at Chester

Storage and distribution business FTS Hatswell has taken a 104,000 sq ft unit at Chester in a deal with landlords M7 Real Estate.

Hatswell will take a 15 year lease at a rent on £4.75 a sq ft on the Deva 100 unit. 

In a separate deal M7 have let a nearby 69,800 sq ft Deeside unit to Soleil Foodservice on a 7 year lease at £3.90 a sq ft.

John Murnaghan, Head of Real Estate in the UK and Ireland, said: “Securing the letting at Deva 100 within five months of acquiring the unit is an indicator of the continued healthy demand for quality space in this region as well as our asset management capability. We are pleased to be working with both FTS and Soleil Foodservice to support their respective growth plans.  

We have been able to capitalise on our network and on the ground expertise in the region by relocating an existing tenant to a vacant unit within the portfolio whilst simultaneously securing a new tenant for their former unit.”

M7 was represented by Peloton Properties.

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