IDRE secures 82,500 sq ft letting at Stakehill Industrial Estate

IDRE has completed the letting of 82,500 sq ft at Electron on Stakehill Industrial Estate, Manchester, securing a long-term lease with Charles & Ivy, one of the UK’s leading suppliers of composite fencing and decorative panels. The agreement marks another major milestone in IDRE’s business plan, which has seen significant capital investment across Stakehill.

The Electron unit offers 8m clear height, four ground-level and two dock-level loading doors, a 1.35 MVA power supply, refurbished offices and two large yards. New roof works included engineering works to improve weight loading to allow for PV panels should they be required by the tenant, and excess land provides the option to expand on site.

Stakehill, sits at the heart of the Atom Valley Mayoral Development Zone, adjacent to the A627(M)/J20 M62, and provides over 800,000 sq ft of industrial and logistics accommodation across 60 units. The business plan continues to focus on repositioning individual units, improving estate wide energy performance, and enhancing operational efficiency, whilst improving on-site amenity.

IDRE and its professional teams of Savills and Box4, continue to strengthen the estates appeal, to build on its current success as one of the North West’s premier locations for established and growing businesses’.

“Securing Charles & Ivy for Electron is a strong endorsement of the quality of our refurbishment program and the strategic strengths of Stakehill. Despite a more challenging occupational market, this letting reflects the depth of demand we continue to see for upgraded, functional space in prime locations. We’re pleased to welcome Charles & Ivy as they expand their operations and look forward to supporting the next phase of growth across the estate.” - Ian Murray, Director of Asset Management at IDRE.

Phil Lomax, Director at Charles & Ivy, commented:

“Moving to Stakehill marks a major step forward for our business as we continue to scale production and distribution. Electron provides the space, specification and connectivity required to support our growth trajectory.”

BOX4 Real Estate, acting as joint letting agents with Savills, supported the marketing campaign for Electron, which let within 6 months of their appointment. Sam Royle, Co-Founder & Director at BOX4 Real Estate, added:

“Stakehill remains one of the strongest industrial locations in the North West. This letting highlights not only the quality of the offer created by IDRE’s investment but also the continued demand for well-specified, refurbished space.”

Stakehill Industrial Estate continues to offer a range of refurbished units from 2,500 – 52,065 sq ft, with further asset management initiatives underway as part of IDRE’s ongoing commitment to repositioning and enhancing the estate.