CUBE RE (Cube), on behalf of the Hathaway Opportunity Fund, its joint venture with the NFUM, has completed the letting of Hathaway 89, Warrington, an 89,214 sq ft logistics unit located in the prime logistics area of Warrington, Cheshire.
The newly developed, Grade A building was acquired in September 2024 with vacant possession as part of Cube’s expansion of its industrial and logistics portfolio.
A lease was completed to Oak Tyres UK Limited, a leading distributor of car tyres in the UK. The building was taken to expand Oak Tyres’ operation in the North West.
Nic Lowry, Investment Director at Cube, says: “We are really pleased to have let Hathaway 89, Warrington to Oak Tyres, following the acquisition the vacant property in September. This latest acquisition and letting follows on from our purchase of Hathaway 32, Poyle which was acquired and successfully let to C.H. Robinson, the third-party logistics company, within 4 months.
“We continue to look to acquire more investments for the Hathaway Opportunity Fund in the industrial and logistics sector, and with the repricing of land and stabilisation of build costs, we are keen to explore development sites in strategic locations.”
Peter Cross, Commercial Director at Oak Tyres says: “Adding this new warehouse to our existing network will both bolster our overall storage capacity, and boost our service offer across North West England. Omega South is a prime distribution location - well connected to the local motorway network - and places us a step closer to tyre retailers in Warrington, Wirral, Merseyside, and Cheshire."
Hathaway 89 is a Grade A logistics unit benefitting from a BREEAM Excellent certification and an EPC Rating of A+. The building is situated on Omega Boulevard in Lingley Mere. With easy access to the M62, Manchester, Liverpool and beyond, other major occupiers in the area include Amazon, Asda, Hermes, Travis Perkins and Royal Mail.
Williams Sillitoe, CBRE and B8 Real Estate advised Cube on the letting and Avison Young represented Oak Tyres. TT&G advised Cube on the acquisition of the Property. Gowlings WLG represented Cube on both the acquisition and letting.