Vote of confidence in Warrington office market

Warrington’s continuing growth as a vibrant, regional business centre has been reaffirmed with another significant letting at Lingley Mere Business Park.

Joint venture partners Muse Developments and United Utilities Property Solutions today announced Wates Construction Ltd has taken a two storey building comprising 6,872 sq ft.

The deal sees Wates pay a rent of £17.35 per sq ft and follows the recent letting to United Utilities, also at Lingley Mere Business Park, which represented the area’s biggest letting to date.

Wates, one of the UK’s largest building and construction companies, is relocating the North West arm of its retail division to the park, which is located just three minutes from junction 8 of the M62.

Lingley Mere currently provides 380,000 sq ft of high quality office accommodation set within 100 acres of parkland. The letting to Wates leaves just one remaining building (9,044 sq ft) to let / sell.

The high level of interest in the scheme has prompted the joint venture partners to obtain planning consent for an 18,500 sq ft building to be built speculatively.  When complete, Lingley Mere will provide more than 1 million sq ft of high quality office accommodation.

Phil Mayall, Senior Development Surveyor at Muse Developments, said: “The rental level achieved today represents a vote of confidence in the local office market.  Warrington is proving to be a strong contender in the North West with businesses keen to take advantage of its strategic location between Liverpool and Manchester.”