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Two deals clean up 170,000sq ft of East Manchester logistics floorspace

Two deals clean up 170,000sq ft of East Manchester logistics floorspace

Two deals have wiped out 170,000sq ft of East Manchester logistics floorspace.

Online food shopping retail business, Aytac Foods has purchased 71,263 sq ft in Greater Manchester, paying £3.35m.

Ayac bought the unit at Whitelands Road, Ashton-under-Lyne, in a deal with Realiance Properties.

In a separate deal on the same site, Belfield Furnishings has leased 93,625 sq ft on an 11 year lease term at £4.25 psf.

The two deals follow the refurbishment of the former bus depot to include newly clad elevations, offices and loading doors.  As you would expect of a bus depot, it has excellent transport links. Junction 23 of the M60 Motorway is approximately 2 miles to the west.

Phil Meakin from asset managers, PIN Property, said: “Both Aytac Foods and Belfield Furnishing were identified prior to completing the refurbishment programme, underlining the depth of industrial occupier demand for north-east Manchester.”

Steve Capper, Director for the Industrial team at CBRE Manchester, said: “These latest deals to two retail businesses demonstrates the continuous high demand for industrial space within the Tameside and the Greater Manchester area."

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