Auto-mate Systems Ltd, a leading importer, distributor and installer of automatic gates and barriers, has acquired the first of eight new industrial units that Key Property Investments Ltd, (KPI) the joint venture between St Modwen Properties PLC and Salhia Real Estate Co., is developing at Petre Court, adjacent to Junction 7 Business Park, Accrington, which is within 30 seconds of the M65 (Junction 7).
Such is the demand from owner-occupier businesses that all the remaining seven units are in solicitors hands and there is encouraging interest in the six “front door” offices which have also been constructed as part of the scheme.
Auto-mate has purchased the long-lease of a 3,391 sq ft unit within the 38,000 sq ft industrial scheme for £220,500.
A total of 29,554 sq ft of offices, in suites of between 3,358 sq ft and 5,898 sq ft and each with its own front door, have also been developed in the four-acre Petre Court and are available for occupation now.
Steven Knowles of St Modwen said: “We are delighted with the success of Petre Court which confirmed our view that this area was under-provided with good quality modern business premises available to purchase as well as to rent.”
Bailey Deakin Hamilton and Trevor Dawson acted for KPI. Auto-mate Systems were unrepresented.
* Recently, KPI sold the main 46-acre section of Junction 7 Business Park to GE Real Estate Partners Ltd.
For further information contact Steven Knowles (01925 825950). Issued by Paul Raymer of Howle Chapman Raymer (0121 236 7771).