RelonChem has increased its distribution space in Merseyside by 40% signing a 15-year lease for Knowsley 108.
RelonChem will occupy the 108,000 sq ft speculatively built distribution warehouse at Knowsley Business Park, which is situated off East Lancashire Road, LIverpool.
The company is relocating its 40 employees from a 77,000 sq ft warehouse at Saturn Park to the newer premises.
Knowlsey 108 LM6
RelonChem operations director Stephen Molyneux said that the move will enable the company to more than double its pallet capacity, going from 11,000 to 25,000 following a £2.5m fit-out to ensure it meets regulations for pharmaceutical properties.
“The fit-out will include rigorous security measures, temperature control across the entire space, a sprinkler system, new racking, office fit-out and secure perimeter fencing and controlled access,” Molyneux said.
“To ensure compliance with the necessary regulatory authorities this will be a challenging piece of work to complete over the next six months but our ambition is to make Knowsley 108 the best pharma distribution centre in Europe.”
RelonChem has 220 employees and is headquartered in Widnes. In addition to its distribution centre in Knowsley, it operates a factory in Southport.
Knowsley 108, was developed by Pembury Real Estate with Abrdn Property Income Trust as the funder.
The facility was subsequently acquired by Farran Investment and GoldenTree Asset Management earlier this year.
Knight Frank and LM6 are the joint agents.
Phil Morley Director at LM6 Comments: ”Occupier demand remains consistent for well built units in prime locations and Farrans acquisition has been justified by this latest letting.
This deal follows a series of recent leases and acquisitions by LM6 in the Liverpool City region which continues to attract and retain occupiers of the highest calibre.”
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