An 82,500 sq ft unit at Stakehill Industrial Estate, Manchester, has been let on a long term lease to composite fencing and decorative panels supplier, Charles & Ivy.
The deal was completed by IDRE and BOX4 Real Estate, on behalf of Triton Property Fund.
The agreement for the ‘Electron’ unit marks another major milestone in IDRE’s ongoing asset management and refurbishment strategy across the Stakehill estate, it said.
Over the past 12 months following their appointment as asset manager, IDRE has delivered a significant capital investment and upgrade programme across Stakehill, which provides more than 800,000 sq ft of industrial and logistics accommodation across 60 units.
The works have focused on improving energy performance, enhancing operational efficiency, adding amenity and repositioning key assets to meet evolving occupier demand.
Stakehill sits at the heart of the Atom Valley Mayoral Development Zone, strengthening its appeal as a strategic North West location for growing businesses.
The Electron unit has a B rated EPC and offers 8m clear height, four ground-level and two dock-level loading doors, a 1.35 MVA power supply, refurbished offices and a large yard, all supported by excellent connectivity to the A627(M)/M62 and the wider region.
Ian Murray, director at IDRE, said: “Securing Charles & Ivy for Electron is a strong endorsement of the quality of our refurbishment programme and the strategic strengths of Stakehill.
“This letting reflects the depth of demand we continue to see for upgraded, functional space in prime North West locations.
“We’re pleased to welcome Charles & Ivy as they expand their operations and look forward to supporting the next phase of growth across the estate.”
Phil Lomax, director at Charles & Ivy, said: “Moving to Stakehill marks a major step forward for our business as we continue to scale production and distribution.
“Electron provides the space, specification and connectivity required to support our growth trajectory.”
BOX4 Real Estate, acting as joint letting agents, supported the marketing campaign for Electron, which let within six months of their appointment.
Sam Royle, co-founder and director at BOX4 Real Estate, said: “Stakehill remains one of the strongest industrial locations in the North West. This letting highlights not only the quality of the offer created by the Triton Property Fund’s investment but also the continued demand for well-specified, refurbished space.”
Stakehill Industrial Estate continues to offer a range of refurbished units from 2,500-52,065 sq ft, with BOX4 Real Estate and Savills the joint marketing agents.