PIN Property are delighted to announce the letting of Edison Point, a 108,000 sq ft distribution facility on Astmoor Industrial Estate, Runcorn to K&N.
The former Superfos manufacturing distribution facility was purchased in early 2014 and undertook a comprehensive refurbishment to provide a modern warehousing facility with extended yard, new dock level loading, re-clad elevations, new roof and refurbished offices. The building footprint was also reduced by 20% to create more circulations for HGVs.
K&N agreed to take the property on signed practical completion of the refurbishment works on a new 10 year lease to consolidate their drinks distribution contract within the North West.
Joint agent, Howard George of B8 Real Estate, who acted jointly with Altus Edwin Hill for PIN commented: “Edison Point was a strategic buy for PIN and they have been able to provide much needed, quality distribution accommodation in an area where supply is extremely limited. K&N’s decision to locate here was due to superb communications into the opening of the new Mersey Gateway in 2017. We are seeing considerable investment in the region on the back of major capital projects such as the Mersey Gateway and Liverpool 2 Port development.”
Imran Younus, Commercial and Marketing Director at PIN said: “We will continue to acquire strategic properties in the Liverpool/Manchester belt. We have been successful in letting 750,000 sq ft of properties in Halton and now have major holdings on the Astmoor and Manor Park industrial estates in Runcorn.”
Leader of Halton Borough Council, Cllr Rob Polhill, said: “This is a key site and it is great news that Pin has achieved another letting in Halton where they have been investing for some time. I’m sure K&N who have taken the property will find it is an excellent location for them, especially with the building of the new Mersey Gateway.”
