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Warrington’s warehouse market sends out for pizzas

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.

TAGS: WarringtonCo
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