Merseyside business park now full after series of lettings
Agents from B8 Real Estate have secured a number of deals at Lea Green Business Park in St Helens, owned by Stenprop and comprising 151,536 sq ft
Lea Green Business Park in St Helens is fully let following a succession of lettings.
The multi-let industrial estate owned by Stenprop comprises 151,536 sq ft and is now at full occupancy with letting agents B8 Real Estate securing several deals on the vacant space, to companies including Salus UK and Mondial Wine.
Lea Green comprises 21 industrial units on a prominent low-density site. The estate was acquired in 2016 as part of a wider portfolio, with 25,581 sq ft vacant across six units, which gave a 17% void rate.
The recent lettings have led to rental growth, with rents now established at £5.00-£5.50/sq ft on the refurbished accommodation.
Anthony Mellor of B8 Real Estate said: “These latest lettings demonstrate the strength of the North West multi-let occupational market, with good demand for refurbished and well-located units.
“St Helens is a thriving industrial area and we have managed to secure a diverse range of occupiers to get the estate fully let. Lea Green’s proximity to the M62 motorway has made it particularly attractive”.
B8 Real Estate acts on a sole agency basis at Lea Green Business Park and acts on behalf of Stenprop across its wider North West portfolio.