Acting on behalf of Stoford Developments and its development partner, Oxenwood Real Estate, Gerald Eve has announced a new letting to Globus Group at the new speculatively developed logistics facility at Stone Cross Business Park in Warrington.
Global health and safety solution manufacturer, Globus Group, has taken a 10-year lease on Stone Cross 72, a highly specified 72,740 sq ft warehouse located on the site of the former Carlsberg brewery depot at Stone Cross Business Park, Golborne.
The letting will support Globus Group’s continued expansion following an increased demand for PPE in the wake of COVID-19. The manufacturer was recently awarded a contract by the Department of Health and Social Care to supply millions of high performance FFP3 masks. It plans to manufacture 75% of its products in the UK and has commissioned two new factories in North West England and South West Scotland, with the potential to create hundreds of new jobs.
Stone Cross 72 is the second phase of the Stone Cross Business Park scheme which reached practical completion less than six months ago. Stoford and Oxenwood Real Estate sold the existing 126,000 sq ft logistics facility on Stone Cross Business Park to international packaging firm, ALPLA, last year.
Speaking about the deal, Jason Print, Partner at Gerald Eve, said: “Securing the letting of this speculatively developed unit to Globus within six months of practical completion demonstrates the strength of the North West market, with strong demand and a limited supply of available good quality units which continues to diminish.”