Great Bear Distribution has pre-let a 170,000 sq ft warehouse in Brombrorough from developer Hampton Brook Estates while at the same time the property has been forward sold for just over £8m by the North West Development Agency to St James’ Place.
Great Bear Distribution has agreed to lease the facility for ten years at an undisclosed sum with a fixed rental uplift in the fifth year.
The warehouse is opposite Cereal Partners factory in Bromborough and Great Bear currently has a contract to warehouse and distribute Cereal Partners products.
The warehouse is due to be completed by Hampton Brook Estates in December 2011.
Real estate fund management group Invista Real Estate Investment Management acted on behalf of St James’s Place while Platt and Fishwick represented the NWDA and DLA Piper represented St James’s Place. Property agent Legat Owen represented Great Bear and Hampton Brook Estates and Mason Owen represented Invista.