North West industrial property specialists B8RE have recently completed on two large lettings on Boulevard Industry Park in Speke on behalf of international investment management group, Aberdeen Asset Management Plc.
Existing tenant, International Automotive Components Group, have re-geared their lease on Unit 1a and taken a new lease on Unit 3 the former Johnson Controls building meaning they now occupy around 150,000 sq ft on the estate over two units to service contracts with the Jaguar.
Jonathan Thorne of B8RE who dealt with the transaction commented:
“This deal is further evidence of the positive effect that the growth of the JLR factory is having on the local economy both in terms of job creation and driving forward the property market.
“Demand for industrial buildings in Merseyside is at record levels driven by JLR’s supplier contracts, the growth of the Port of Liverpool and improvements in connectivity/transport links for logistics in the area. This increased demand coupled with limited supply of buildings is also leading to rental growth taking prime rents to over £5.25 per sq ft.”
Darren Hill of CBRE acted for International Automotive Components Group and Phil Morley of DTZ acted for Johnson Controls on the disposal of their existing unit on the estate.
For further information contact:
Jon Thorne 01925 320520