Door and window manufacturer and distributor snaps up Northwest warehouse
PVC Composite door and aluminium manufacturer and distributor Heritage Trade Frames has snapped up Arrow Capital Partner’s 107,000 ft2 AP1 unit at its 327,750 ft2 two unit Arrow Point Bolton development in the Northwest as a pre-let.
By Liza Helps, Property Editor, Logistics Matters
THE FACILITY includes 15m eaves, 10 dock and two level access doors, as well as parking for 14 HGV trailers. The development will incorporate extensive sustainability features, including photovoltaic panels on the roof and electric vehicle charging points, and is targeting a BREEAM ‘Outstanding’ certification and an EPC ‘A’ rating.
Arrow Capital Partners Head of Real Estate, Europe Cormac Dunne, said: “Securing a pre-let at Arrow Point Bolton ahead of completion is a strong endorsement of the scheme’s quality and the depth of occupier demand in specific submarkets within the north west logistics market.
“With its strategic positioning, future-proof specification and strong sustainability features, the development is well aligned with evolving occupier requirements. Demand for modern, energy-efficient space continues to outpace supply in prime locations and this transaction demonstrates the investment appeal of the regional logistics market for forward-looking investors”.
The second unit at the development, called AP2, totals 220,250 sq ft and is currently available to let through B8 Real Estate and Commercial Property Partners.
Heritage Trade Frames is a portfolio business of the corporate acquisitions specialist CorpAcq.
