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Warrington’s warehouse market sends out for pizzas

TAGS: WarringtonCo
Warrington’s warehouse market sends out for pizzas

Warrington has reclaimed its place at the top of the North West’s logistics property business, recording 73 major warehouse deals including a 117,000 sq ft letting to Domino's Pizza.

The town transacted just short of 1m sq ft of industrial floorspace in 2016, 40% above the average over the last two decades.

The Warrington Property Review records that 73 deals took place in 2016 making the year the third-best on record. Omega saw the two largest industrial deals of the year to Domino's Pizza and to as yet un-named occupier.

A 15-year letting of the speculative 356,000 sq ft unit from LondonMetric Property was agreed with an unamed retailer on
Omega South whilst international takeaway pizza chain Domino’s purchased a new 117,000 sq ft unit from Omega Warrington Ltd.

The year’s prime rent of £7.43/sqft was achieved at Birchwood Park with Patrizia letting 711 Cavendish Place to Bathgate Flooring.

Steve Park, managing director of Warrington & Co., Warrington’s partnership for growth, said: "These are exciting times in Warrington; despite the economic uncertainty the city is bristling with optimism."

A full copy of the Warrington Annual Property Review, compiled with help from BE Group, is available online from today.

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