Logistics firm boosts North West footprint
11 April 2016
Howard Tenens has bought a new site in Heywood, Manchester, which includes 175,000 square feet of warehouse space and significant yard and outside area. This increases Howard Tenens’ total warehouse footprint to over 3,500,000 square feet in the UK.
The unit has been bought by the Group as a result of the growing demand for logistics warehouse space from their customer base.
Jamie Hartles, logistics director at Howard Tenens, says: "Manchester represents an important purchase from a strategic standpoint. As a national logistics business Manchester further supports our continued growth. The added advantage of owning the sites means we can provide our customers with enhanced service options."
The site sits within the Stakehill Industrial Estate which is widely acknowledged to be one of the finest industrial estates in the North West of England. The site benefits from direct links to the A627(M) and M62 (junction 20) and is in close proximity to Rochdale, Oldham and Manchester city centre.
As part of the purchase the Manchester site will undergo significant refurbishment to ensure that the finished facility is of the usual Howard Tenens standard.
Simon Emms, Property Director at Howard Tenens, comments: "This acquisition represents an exciting addition to our group property portfolio, particularly as it continues our expansion into the North West. The Stakehill Industrial Estate location has excellent road access to the national motorway network, with the M62 approximately 1 mile to the north. We will be undertaking an extensive refurbishment programme in order to provide a facility demanded by today’s occupiers and given the lack of available stock and high occupier demand are confident that the property will be very well placed in the market."