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Jones Lang LaSalle advises on 55,000 sq ft industrial unit in Wythenshawe
Manchester, 02 October 2012 – Jones Lang LaSalle has successfully advised on the surrender and re-letting of Units 2,3 & 4 Caldey Road on Wythenshawe’s Roundthorn Industrial Estate to specialist electrical alloy manufacturer IMI Scott. The units, totalling 55,000 sq ft, were the former home of Myprotein, prior to its acquisition by The Hut Group in June 2011.
Jones Lang LaSalle advised the landlords, Caldey Estate LLP, on the surrender of Myprotein’s existing lease, following agreement with IMI Scott, a division of IMI Plc, to acquire the units on a new 10-year lease at £3.65 per sq ft. Established in 1923, IMI Scott had outgrown its previous premises on Ledson Road in Wythenshawe and had been looking to secure a larger space within the area.
Daniel Burn, director of Manchester industrial and logistics at Jones Lang LaSalle, said: “This deal has allowed IMI Scott to remain close to its former headquarters which was a key factor for the business as it wanted to ensure its skilled employees could still travel to work as easily as before.
“The lease itself represents a great deal for all parties, a good exit for Myprotein and a well-established and successful new tenant for Caldey Estate LLP.” P3 advised The Hut Group and Howell Brooks & Partners acted on behalf of IMI Scott.