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News Release

Manchester

Stakehill 69 delivers for parcel distributor


Manchester, 25th April 2012 - Acting jointly on behalf of Ventnor Ltd, Jones Lang LaSalle and CBRE have completed the largest industrial letting in Greater Manchester so far this year to Yodel. 

The national parcel distributor has acquired Unit 69 on Stakehill Industrial Estate in Middleton on a new 10-year lease with five year break at a headline rent of £3.95 per sq ft.  The acquisition forms part of the next stage of Yodel’s strategy of streamlining its distribution network across the UK.  The high bay distribution facility extends to 102,855 sq ft and has recently undergone substantial refurbishment. 

Daniel Burn, Director in Jones Lang LaSalle’s National Industrial and Logistics team, commented: “With its high quality refurbishment and excellent specification, we were always confident of achieving a successful disposal of this unit.

“This deal reaffirms the lack of good quality existing distribution warehouses over 100,000 sq ft across Greater Manchester and the wider region.  We are now finding that occupiers are having to consider long term Build-to-Suit solutions or compromise their requirements by acquiring more secondary space.”