Strong Demand Drives Gemini 8 to over 75% Occupancy
Gemini8, a prime new development of trade, warehouse and industrial units strategically located at Junction 8 of the M62 Motorway, has reached a major milestone with 75% of the scheme now let. The speculative development provides high-quality accommodation ranging in size from 3,894 to 16,556 sq ft, with competitive rents starting from £12.75 per sq ft.
Highlighting the continued strength of the location and standard of accommodation recent lettings include:
• Cumbria-based Caterite Food & Wine Service Ltd acquired 16,556 sq ft on a 10 year lease.
• Occastore Ltd has secured a 5-year lease on a 4,416 sq ft unit.
• Telefonica UK Limited – part of O2 – agreed a 5-year lease on a 5,963 sq ft. Unit.
• Global Freight Solutions has combined two adjacent units to create 10,449 sq ft also on a 5-year lease.
They join a strong line-up of occupiers already on the scheme, including NHS Property Services, Kone Cranes, Lumifil, VBG, Systematic Data Solutions and Igne Group.
All units benefit from an EPC rating of B, fully fitted offices and high-performance insulated cladding. The site also offers electric vehicle (EV) charging points and secure cycle parking. Close to Warrington town centre, the Park also provides direct access to junction 8 of the M62 motorway and is only four miles from the M6.
Iain Taylor, Director of Northwood Real Estate comments: “The development’s strategic location, quality of accommodation, and excellent connectivity continue to attract a diverse range of high-calibre occupiers. Reaching over 75% occupancy is a significant achievement and a testament to the scheme’s enduring appeal.”
John Harrison of appointed joint letting agents, Davies Harrison, adds: “This recent spate of lettings is clear evidence of how strong a location Gemini8 remains and how it continues to appeal to leading national and regional occupiers and we now have only a limited number of units remaining.”
Alongside Davies Harrison, Newmark, and B8 Real Estate are also the retained letting agents on the scheme.