DESPITE the normally quiet summer months there has been a “flurry” of major commercial property activity involving multi-million pound deals endorsing Warrington’s credentials as a boom town.
The investments and plans for development made by private investors have been welcomed by Warrington & Co MD Steve Park.
He says Birchwood Park, for instance, was sold to a new investment consortium in a deal thought to be worth in excess of £100 million.
Meanwhile Royal Mail’s North West regional distribution centre at Winwick Quay was sold for £7.7 million to a Local Authority Property Fund. while the Asics unit at Gemini was sold to new landlord/investor for £2.6 million and the list goes on, including a planning application being submitted to build a new 680,000sq ft logistics and manufacturing unit at Omega for an as yet unannounced occupier.
Steve said: “This level of activity represents a very tangible endorsement in Warrington.
“Clearly the investment market views Warrington as a very safe bet, particularly as we pull out of recession.
“August, which traditionally is normally a quiet month, also saw two of Warrington Borough Council’s major growth projects take a take a huge leap forward.
A formal planning application was submitted for the Bridge Street regeneration scheme, pushing the scheme a step closer to a planned start on site in January and work also physically started on the £190 million Stadium Quarter regeneration scheme with the start on site of the £8.5 million business incubator.
“The business incubator will open next summer, it is designed to provide a supported, easy start up base for new businesses.”
Demand for space is expected to be high – interested parties should contact warrington & Co on 01925 442243.
The proposed business incubator
Multi-million pound deals endorse boom town Warrington
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About Author
Gary Skentelbery
Experienced journalist for more than 40 years. Managing Director of magazine publishing group with three in-house titles and on-line daily newspaper for Warrington. Experienced writer, photographer, PR consultant and media expert having written for local, regional and national newspapers. Specialties: PR, media, social networking, photographer, networking, advertising, sales, media crisis management. Chair of Warrington Healthwatch Director Warrington Chamber of Commerce Patron Tim Parry Johnathan Ball Foundation for Peace. Trustee Warrington Disability Partnership. Former Chairman of Warrington Town FC.
