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140,000 sq ft site acquired by Tungsten Property Investment Limited

140,000 sq ft site acquired by Tungsten Property Investment LimitedA prime distribution warehouse in Warrington has been sold by Colliers International on behalf of Fujitsu Services Limited.

The 140, 827 sq ft facility on Daten Avenue, Birchwood was acquired by Tungsten Property Investment Limited for an undisclosed sum.

The distribution facility is let to Fujitsu Services Limited, part of the Japanese information and communications technology giant, on a 10-year lease.

Julien Kenny-Levick, director, logistics and industrial at the North West office of real estate advisors Colliers International in Manchester, acted for Fujitsu Services Ltd and Tungsten was advised by KAP Property Consultants.

Mr Kenny-Levick said the transaction was undertaken on the basis of Fujitsu taking a leaseback on the property for 10 years on full repairing terms.

He said: “Fujitsu was encouraged by the great level of interest shown in this investment opportunity and this further underpins the fact that demand for prime product let to good covenants remains very popular with investors.”

The 12-metre high single-storey warehouse was constructed in 1997 and is adjacent to Birchwood Park, a 123-acre business park owned by MEPC that is home to about 150 businesses employing more than 5,000 people. Occupiers include Norbert Dentressangle, DHL International, Walkers Crisps and Farm Foods.

Posted by The Editor (wantspacegotspace) on 13th April 2013 (updated 15/04/2013)

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