Peel industrial site changes hands for £10m-plus
Last updated May 16, 2025
Agents at B8 Real Estate secure more than £10m for a 45-acre multi-let Liverpool city region industrial site owned by property giant Peel. Tony McDonough reports
B8RE disposed of the 45-acre industrial site in Runcorn for Peel Waters
Acting on behalf of property giant Peel agents at B8 Real Estate have secured £10m for an industrial property in Runcorn.
Part of the Peel Waters estate, the 45-acre multi-let industrial open storage (IOS) site is located on the Percival Lane Estate. It has been acquired by an unnamed institutional investor following a “highly competitive bidding process”.
B8RE says the final price was “significantly above” the £9.9m guide price. Fully let to industrial sector tenants, the development comprises 21 secure compounds up to 9.2 acres, which are fenced with gated access and benefit from power and drainage.
In addition to the open storage, there is 50,066 sq ft of built industrial accommodation of varying specification across the site.
John Burrows, investment director of B8RE, said: “IOS is a rapidly growing sub-sector, driven by rising demand from logistics, electric vehicle operators, and other occupiers that need additional off-site space.
“With limited supply of quality sites, we’ve seen a sharp increase in rents across the North West, with prime sites reaching up to £130,000 per acre.
“This standout deal was due to its scale and the competitive nature of the sale, which drove pricing well above expectations – underlining the growing appeal of high-quality IOS sites in strategic locations.”
This site previously sat within Peel’s diverse industrial and logistics portfolio. Acre Capital Real Estate acted for the purchaser.
READ MORE: Sefton to consider plan for 53 affordable homes
READ MORE: Merseyrail ‘tap and go’ set for summer roll-out
In Irlam, B8RE acted on behalf of ICG in the acquisition of an industrial investment that comprises a, 89,323 sq ft detached warehouse on a 4.79-acre freehold site within Northbank Industrial Park.
Sold above the guide price by a local authority for £7.05m, the property benefits from a strong location, low passing rent, and significant reversionary potential with a rent review due in September 2026.
Comments (0)