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News Release

Manchester

Jones Lang LaSalle lets 36,000 sq ft at Cheadle industrial park

Five Deals for CIAM at Scottish Widow’s Lawnhurst Trading Estate 


Lawnhurst Trading Estate
Manchester, 7th January 2013
- The Manchester industrial team at Jones Lang LaSalle has secured five deals totalling 36,000 sq ft at Lawnhurst Trading Estate in Cheadle.

Manchester-based restaurant chain Rice Flame Bar and Grill, has taken 12,443 sq ft at the estate on Bird Hall Lane, where it will operate a storage and distribution centre. It is joined by automotive parts supplier Inchape, which has taken a 5,888 sq ft unit, global engineering business Honeywell which will occupy 5,953 sq ft and smart glass manufacturer GlasNovations with a 5,500 sq ft unit.
 

The new signings join defence electronics supplier Thales which has renewed its lease on the 5,946 sq ft unit which it has occupied since 2005.

Lawnhurst Trading Estate was acquired by Scottish Widows Investment Partnership's (SWIP) in 2011 and is managed by Centurion Industrial Asset Management.

 
Michael Jones of Centurion said: “To attract four new occupiers in quick succession, especially of this calibre, and to retain existing occupiers is a great result. These deals highlight the quality of the refurbishment and reflect the sustained investment the estate is benefitting from.”
 
Lawnhurst Trading Estate comprises 200,000 sq ft of space across 16 units. Only three units remain vacant at the site, including Bloc 84 – a 84,000 sq ft warehouse / distribution facility which was refurbished and rebranded at the end of 2012.
 

Jones Lang LaSalle and B8 Real Estate are joint agents.