A Bolton warehouse development has scooped two New Year deals as demand for mid-box units grows.
Multiply Logistics North has secured the letting of Unit F2/D, a unit of 25,497 sq ft, to Solus Accident Repair Centres. Solus has taken a ten-year letting and will be using the unit as a vehicle accident and repair centre. In a second deal, it has completed the letting of Unit F2/F, a unit of 20,434 sq ft, to a pharmaceutical supplier that has taken a ten-year letting at a rent of £7.75 per sq ft.
Just three of Multiply’s nine units remain to let.
The development by Harworth and the Lancashire County Pension Fund, provided mid-box units on the Logistics North site, until now dominated by big box users. Tenants at the Logistics North scheme include Amazon, Aldi, Whistl, MBDA, Greene King, Costa and Komatsu.
B8 Real Estate, Jones Lang LaSalle (JLL) and Knight Frank have acted as joint agents for the transaction and remain the joint venture’s retained agents for the entire Multiply scheme.