Hat trick of deals at Apollo Park
Apollo Park has welcomed an Italian food distributor as its newest occupier. Carnevale has purchased two units, totalling 9,851 sq. ft., as it expands its distribution facility.
This is the third deal JLL has brokered, disposing of five units, on behalf of Chancerygate. Colonna Coffee took occupation of unit five earlier in the year, followed by the sale of two units to food company, First Quality Foods, which was completed in September.
Giles Weir, director of industrial and logistics at JLL, said: “This latest deal demonstrates the continued demand for both freehold properties and distribution facilities. Demand for freehold stock has been ever present in the market as occupiers have sought the ownership of their own premises.
“This is great news for Chancerygate and rewards its strategy to build speculatively which is now paying off.”
Victoria Mann, asset manager at Chancerygate commented: “The high level of interest we have had from prospective tenants and owner occupiers has been very encouraging.
“The latest sale of two units to Carnevale has boosted the strong list of occupiers at Apollo Park. Indeed, all three transactions are a great result at the estate and justify the decision that Changerygate took to build speculatively.”