WHR PROVES NORTH MANCHESTER INDUSTRIAL MARKET IS BOOMING
31st August, 2014
WHR Agrees Two New Deals In Oldham
WHR Property Consultants has completed two new deals in Oldham, North Manchester. The Manchester based practice sold a 17,300 sq ft warehouse – Serena House – on Vulcan Street in an off market transaction to owner occupier Transweb Ltd. Acting on behalf of Beva Investments, WHR has also let a 22,000 sq ft on Vulcan Business Park to ESP Evolution having agreed a 10 year lease.
John Barton of WHR comments: “The North Manchester industrial market is booming. Serena House, had recently undergone a substantial refurbishment is a perfect example of how landlords are looking to take advantage of the continued rise in demand from occupiers. Good quality existing stock is rapidly diminishing and before too long demand will exceed supply.”
GVA is the joint letting agent on Vulcan Business Park, which is also home to Plastics Direct and Tunnel Engineering and only 22,000 sq ft of warehouse accommodation remains available. Quoting rental levels are from £3.75 per sq ft.