An historic cake maker has leased a huge Greater Manchester warehouse after its previous tenant fell into administration.
Joint agents Gerald Eve and BC Real Estate have announced a 84,679 sq ft letting to Park Cakes in Heywood.
The Oldham-headquartered cake manufacturer, which has been in operation for over 80 years and employs 2,000 people across Greater Manchester, has taken the detached warehouse on a 10-year lease.
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Gerald Eve and BC Real Estate were instructed to market the property after the previous tenant, office supplies wholesaler Spicers, fell into administration back in June 2020.
The new facility forms part of Park Cakes’ expansion plans.
Jason Print, partner at Gerald Eve, said: “With very few available manufacturing facilities available in the region, we received a high level of interest from the get-go.
"Our client was planning to undertake a full refurbishment but the fact that occupiers were content to take the space now rather than wait demonstrates the palpable depth in market demand.”
Park Cakes was unrepresented while Gerald Eve and BC Real Estate acted on behalf of a 'charitable client'.
John Barton, director at BC Real Estate, added: “To have instructed solicitors within six months of commencing a full marketing campaign is reflective of the current market, with few facilities available in such an established business location.
"Park Cakes represents an excellent covenant and we are pleased to have supported a British manufacturer in their business growth.”
