Tyre distributor secures Warrington warehouse

By Liza Helps, Property Editor Logistics Matters

KNOWN AS Hathaway 89, the 89,214 ft2 property is managed by CUBE RE which acts for the Hathaway/NFUM joint venture. It acquired the property for the JV in September 2024 with vacant possession as part of its industrial and logistics portfolio.

A lease was completed to Oak Tyres UK to expand the distributor’s  operation in the North West.

Oak Tyres Commercial Director Peter Cross, said: “Adding this new warehouse to our existing network will both bolster our overall storage capacity, and boost our service offer across North West England."

Hathaway 89 is a Grade A logistics unit benefitting from a BREEAM Excellent certification and an EPC A+ Rating. 

Cube Investment Director Nic Lowry, said: “This latest acquisition and letting follows on from our purchase of Hathaway 32, Poyle which was acquired and successfully let to CH Robinson, the third-party logistics company, within four months.

“We continue to look to acquire more investments for the Hathaway Opportunity Fund in the industrial and logistics sector, and with the repricing of land and stabilisation of build costs, we are keen to explore development sites in strategic locations.”

Williams Sillitoe, CBRE and B8 Real Estate advised Cube on the letting and Avison Young represented Oak Tyres. TT&G advised Cube on the acquisition of the Property. Gowlings WLG represented Cube on both the acquisition and letting.