Moving Forward - Warrington Annual Property Review 2021 - Warrington & Co.
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Moving Forward Warrington Annual Property Review 2021 1
Warrington Annual Property Review 2021
Foreword 3
Executive Summary 4
Economy 8
Investment 10
Office 13
Industrial 17
Contents
Leisure 22
Retail 24
Residential 26
Looking Forward 28
Acknowledgements 30
2
Warringtonandco.com
Foreword
Our 23rd Annual Property Review in a year of considerable business
has been like no previous review we disruption and difficulty.
have undertaken in Warrington. The
coronavirus pandemic has presented Whilst we can clearly demonstrate
acute pressure for many of our areas of relative success, we also
businesses and communities, but need to reflect on the challenging
Warrington remains – as always – realities that coronavirus has brought
resilient in the face of the most testing with it. Our leisure and traditional
circumstances. retail and hospitality sectors have
been hit hard, for example, but I am
We only need to look at the national confident that the year ahead will
economic picture to understand the bring a raft of opportunities. We have
scale of the challenge ahead of us, broken ground on the cutting edge
but there is much to be optimistic Warrington Youth Zone on Dallam
about in Warrington. Our town Lane, have welcomed Gravity Active
and its business culture provides an Entertainment to Time Square, and
environment for business to thrive we have the Rugby League World
and, despite the pandemic, it is Cup 2021, the Tour of Britain and the
heartening to see that we have been Neighbourhood Weekender – just
recognised as having a particularly a handful of marquee events in our
strong and resilient economy by town – to look forward to this year if
Centre for Cities. the national roadmap stays on track.
So I will end as I began – that despite
We need to ensure that we the pandemic’s challenges, we
contextualise this year’s Annual have much to be optimistic about
Property Review alongside in Warrington. We are a leading
coronavirus. The detail in this review destination in the nation’s economic
will paint a substantially different recovery and with the resilience of
picture to previous annual reports our private sector and continuing
but, and I must stress, despite the Government support – with the
significant changes brought about by support of Warrington & Co. – we can
the pandemic, we continue to show look forward to a swift, assured and
commendable resilience, and we ambitious recovery.
outstrip the performance of many Thanks for your support.
other towns and cities. For example,
the Council took ownership of Time Professor Steven Broomhead MBE
Square, our flagship scheme which Chair Warrington & Co.
is the new beating heart of the town
centre and we are pleased to have
continued to sign up new occupiers
for our Time Square units.
We have also seen a strong appetite
and take up of distribution space in
Warrington, leading to the highest
level of floorspace transacted since
2014. Clearly, we are seeing locally
green shoots of continued growth
3
Warrington Annual Property Review 2021 | Executive Summary Warringtonandco.com
Great Sankey Hub 1 Time Square
Executive Summary
2020 was a year like no other. With the Covid-19 pandemic
causing a fundamental and likely lasting shift in our deeply-
engrained work and lifestyles, the commercial property
market had to adapt across all sectors – charting a course
through nationwide lockdowns and social distancing
restrictions, as well as a workforce and customer base
increasingly adapting to life at home.
Whilst some figures this year do It is perhaps little surprise then that the
demonstrate just how significant the 2021 Centre for Cities Annual Outlook
pandemic has been on our economic confirms Warrington as one of the
climate, there have also been many towns with “strong economies which
instances of notable resilience. Office have only been marginally affected by
floorspace take-up, for example, Covid-19.” As a result of this, the report
is at its highest level since 2014, also states that Warrington’s economy
bolstered by two significant deals is predicted to see only a short term
which demonstrate that Warrington Covid-19 related impact, which will be
still remains of particular interest to of immense benefit to the town’s revival
nationwide occupiers. Similarly, the as it looks to move out of restrictions
industrial sector recorded the third- and turn over a new page in 2021.
highest number of deals within the last
decade.
4
Warrington Annual Property Review 2021 | Executive Summary Warringtonandco.com
Investment Residential
A total of almost £2.2 billion investment Data by Zoopla indicates that a total of 1,331
spend has been reported in Warrington since sales were completed in Warrington throughout
1999. However, in a year characterised by the year, achieving an average sale price
the economic uncertainty brought about by of £217,903, a 3.2 percent increase on the
Covid-19, the investment market this year saw previous year. In addition, research by ARLA
a significant reduction in both transactions and Propertymark suggests that 2020 saw the
spend. highest number of prospective buyers in the last
decade:
Only nine investment deals were reported in 2020.
These amounted to a total disclosed investment spend Annual housing data, supplied by Warrington Borough
of £30.46 million, across 58,716 sqm worth of property Council, records that 559 homes were completed in
2019/20, of which 23 percent were affordable. This is
an uplift of 4.3 percent on the number of completions
Two large industrial premises were traded to
reported last year
Warehouse REIT as part of a wider, 18,500 sqm North
West portfolio. 1 Kingsland Grange in Woolston and
a unit on Milner Street, let to Selco Trade Centre, form 249 completions were reported in Great Sankey &
part of the fully let portfolio, generating £1.22 million Whittle Hall, with activity across five major schemes,
of income including three phases at Omega Zone 6
Private clients of Deutsche Bank purchased office 76 houses have now been built on the Pewterspear
premises at Lingley Mere Business Park for £19.5 Green Road / Stretton Road site in Appleton. The
million. The deal for the 2,323 sqm premises Barratt and David Wilson Homes scheme will
represented a Net Initial Yield of 7.3 percent. eventually hold 180 houses across 7.7 ha.
5
Warrington Annual Property Review 2021 | Executive Summary Warringtonandco.com
Ofce
Supported by two significant deals, Warrington’s
office market showed a commendable level of
resilience throughout 2020, despite a general
reduction in deals of 200 sqm and above:
25,225 m2
A total of 25,225 sqm of floorspace was transacted floorspace transacted in 2020
in 2020, comprising 28 deals. Whilst the highest total in 28 deals
achieved since 2014, deal numbers themselves were
the lowest in almost a decade, as smaller occupiers
were hit by uncertainty throughout an economically
turbulent year
The year’s largest deal saw Warrington Borough
Council take occupation of 7,636 sqm at 1 Time
Square. The move allows the capacity to house up to
800 people, with staff relocating from various locations
across the Town Centre, including The Base, New Town
House and Quattro
Communications giant BT has agreed a 10-year lease
to occupy Stanford House in Birchwood. The company
will move into the Council-owned building from April
2021.
Industrial
A strong appetite for large warehouse and
distribution space across the North West was
reflected in Warrington throughout 2020, with a
strong performance leading to the highest level
of floorspace transacted since 2014:
Take-up of 147,410 sqm of industrial floorspace was
achieved in 2020, comprising 66 deals. This is also the
highest deals total recorded since 2016 and the third
largest in the last decade
Over 50,000 sqm was traded at Omega, primarily
through the year’s two largest deals to Gousto and
Jungheinrich. The deals marked the first letting on
Mountpark’s Phase 2, following the completion of all
space on Phase 1 last year
Consistent demand for space saw the average lease
147,410 m2
transacted in 2020
term sit at 5.5 years, with an average rent achieved of
£69 per sqm. The year’s highest rent was £86 per sqm, in 66 deals
achieved at Penketh Business Park.
6
Warringtonandco.com
Leisure
The leisure industry was hit hard by Covid-19
restrictions throughout 2020, with robust
adaptation required to meet the new demands
of customers adhering to increasingly isolating
restrictions:
Construction began on the new, state-of-the-
art Warrington Youth Zone on Dallam Lane.
Whilst delayed by Covid-19, the centre is now
set to open in 2022, offering a range of services
to Warrington’s young people, regardless of
circumstance or background
Gravity Active Entertainment opened at Time
Square. The brand-new leisure destination
features ‘wall-to-wall’ trampolines, rock climbing Youth Zone
walls and a bar/café. The 2,880 sqm premises is
the company’s first North West location, adding to
ten other centres across the country
Warrington is set to host three rugby fixtures in
the upcoming Rugby League World Cup. The town
will host the Papua New Guinea national team
and also stage a Physical Disability Rugby League
event.
The new Bewsey and Dallam Hub is nearing
completion and set to open in May 2021
Warrington Market Gravity
Retail
The Centre for Retail Research suggests that
in 2020 retail spending held up well, albeit with
food and wider online sales propping up what
was a challenging year for the high street. The
ONS also suggests that retail sales did increase
in 2020, if only by 0.3 percent:
Following the opening of Time Square in 2019,
last year finally saw the unveiling of the new-look
Warrington Market, which now houses over 50
independent traders. The food and drink offering in
The Cookhouse, across the open-air ground floor,
along with a wealth of external seating, proved
New invaluable in the summer to a public adhering to
£6.9m
social-distancing regulations
Youth Zone Wren Kitchens, one of the UK’s leading kitchen
retailers, has relocated from Riverside Retail Park
Set to open in 2022 to the former home of Mothercare at Junction Nine
Retail Park. The store, secured on a 10-year lease,
boasts an impressive 2,015 sqm showroom over
two-storeys with 83 unique kitchens on display.
7
Warrington Annual Property Review 2021 | Economy Warringtonandco.com
Economy
Despite a year generally Warrington is one of the first seven
characterised by economic towns across the country to have a
uncertainty amidst the Covid-19 funding offer made as part of the
pandemic, Warrington has proven Town Deal, a landmark £3.6 billion
Government scheme. The multi-faceted
itself resilient. This is primarily
aim of the scheme is effectively to
thanks to a number of positive ‘level up’ local economies – to support
economic stories to report from businesses, create jobs and invest
2020, including the granting of in transport, infrastructure, and
£22m
Warrington’s new Town Deal skills. Warrington’s Town Investment
funding, which will continue to aid Plan identified seven key projects
the town as it looks to emerge from for which it sought funding. These
a year of economic restrictions. include a health and wellbeing hub
and a health and social care academy
in the Town Centre, an advanced
Town Deal
Warrington’s economic performance
has a history of being strongly construction training centre, a new bus for transport,
depot, a comprehensive active travel
referenced by the Centre for Cities
programme, a digital enterprise hub
infrastructure, skills,
Annual Outlook and this year is no
different. The 2021 report confirms and a remastered cultural hub at the culture & wellbeing
Warrington as one of the towns Pyramid Arts Centre.
with “strong economies which have
only been marginally affected by This level of funding will help to not only
Covid-19.” The commentary states revitalise the town’s offer itself, but also
that Warrington’s economy is likely to to help boost job numbers and footfall
only see a short term Covid-19 related to the Town Centre, providing much
impact, given that the initial effect was needed assistance to the retail and
seen in local services businesses, in a hospitality sectors which have been hit
relatively small capacity compared to hardest during a year of restrictions.
other centres. Part of the plans also earmark funding
to enhance underused buildings,
Perhaps unsurprisingly then, research making seemingly unloved spaces and
from Capital on Tap reveals that more areas more attractive for residents,
than 1,300 new business ventures have businesses, and visitors to Warrington.
been launched in Warrington since the
first national lockdown. 1,325 lockdown In the present, employees in Warrington
entrepreneurs have established their have a number of options available
own ventures since March 2020, to them to help with skills and training
although these figures do need to be funding. ‘Accelerate’ is a programme
treated with caution, as Warrington offered by Cheshire & Warrington
has a number of businesses that Growth Hub, designed to provide
host registered company addresses. employees who live or work in Cheshire
The online retail sector accounts for and Warrington with the opportunity
more than five percent of businesses to receive a fully funded or a part-
registered in the UK since lockdown funded grant to go towards the cost
began, with the food preparation of skills training. There are currently
sector accounting for a further two over 100 courses available that would
percent. Examples of the types of benefit each sector in Cheshire and
businesses in this category include Warrington. The Growth Hub is offering
street food vendors, food stalls, and these grants as an opportunity for
delivery or take-away only restaurants. businesses and employees to become
more resilient and competitive after a
challenging year.
8
Warrington Annual Property Review 2021 | Economy Warringtonandco.com
Great Sankey Hub
Warrington Borough Council has works, including cycling capacity and
approved the relocation of the bus pedestrian crossings, are expected
depot from Wilderspool Causeway to be added to the completed bridge
in order to provide a new home in due course. Of the total funding,
for Warrington’s Own Buses. The £5.3 million has been contributed
relocation to be undertaken by by Cheshire and Warrington Local
Warrington & Co directly enables the Enterprise Partnership via the Local
development of 300 homes and will Growth Fund, with a further £3.7
enable the creation of up to 1,300 million provided by the Government,
homes on the wider Sothern Gateway via Homes England.
site, one of six key regeneration
areas in the Town Centre masterplan. The University of Chester has
The project has received £1 million announced plans to relocate from
funding from the Accelerated Fund, its Padgate Campus and take space
together with funding from the £22 in town centre in both the former
million Town Investment Plan as Mersey Bank House building, and also
part of the national Town Deal and Time Square. The move will bring the
significant funding from the Getting University’s higher education directly
Building Fund. Planning was given in
2019 following an application by Wire
Regeneration and this will now ensure
a development scheme which will
into the Town Centre, with plans to
establish a wider footprint in due
course. These plans will allow students
and staff easy access to public
£19.9m
Centre Park Link
include a commercial area fronting transport, as well as the new host of
the south side of Bridgefoot and the retail and leisure facilities brought bridge completed
River Mersey, enhanced public spaces, about in Warrington across the last
and a hotel. few years of development. It is hoped
that the move will be completed
The Centre Park Link bridge is now by September 2022, with options
open, connecting Chester Road currently being considered for the site
and Slutchers Lane across the River on Crab Lane. Warrington Wolves,
Mersey. The £19.9 million scheme whose training facilities are currently
is a key component of the Centre on campus, will subsequently be
Park Link road project designed to looking towards a new base for 2022.
tackle congestion to the south of the
Town Centre. A number of additional
Working Collaborating
BakerMallett.com Proud to be working
with and supporting Warrington & Co.
Living in Warrington
9
Warrington Annual Property Review 2021 | Investment Warringtonandco.com
Investment
Since the inception of the portfolio also included a 3,902 sqm
Warrington Annual Property unit on Milner Street let to Selco Trade
Review in 1999, there has Centre. The entire 18,500 sqm portfolio
been a reported £2.2 billion of is fully occupied and generating an
annual rent of £1.22 million. The deal is
investment spend across all
reported to have achieved a Net Initial
sectors in the town. However, in Yield of 6.10 percent.
a year characterised by immense
economic uncertainty, the Elsewhere, strong activity on Omega
investment sector saw a reduction over the last few years has led to
in both transactions and a total developers Mountpark seeking
investment spend. Investors, purchasers on the first phase. The
developer hopes to reinvest funds
2.2
especially on the smaller scale,
appeared to demonstrate the into other current and pipeline
same uncertainty attributed to last
year, with numbers down amongst
developments, to include the second
phase of the Omega development, £ billion
the backdrop of Brexit.
which is well under way with a lease investment since
agreed on Unit 1 to Gousto.
Within the office market, private 1999
Uncertainty at this level led to a clients of Deutsche Bank purchased
reduction in the numbers of smaller the North West Operational Fire &
lot sizes trading. As a result, only nine Rescue Headquarters at Lingley Mere
investment deals were reported in Business Park. The 2,323 sqm facility
2020. These transactions totalled an was purchased for £19.5 million and is
investment spend of £30.46 million, occupied by Fire Control North West.
down to the recession-hit level recorded With the current lease in place until
in 2011. It must however be mentioned 2033, the purchase price represents a
that this year portfolio sales made Net Initial Yield of 7.3 percent.
up 44 percent of all those reported, The retail sector also saw some activity,
including two out of three industrial with four deals accounting for an
transactions and the largest retail deal. additional £7.31 million investment 9 investments totaling
30.46
spend. This spend however included
Investor appetite in industrial premises the confidential sale of Birchwood
supported the otherwise stunted year Shopping Centre, as part of a portfolio
of activity, with three deals reported,
totalling £3.65 million worth of value
which included the neighbouring office
building, Spencer House. Elsewhere,
£
across 14,655 sqm. This spend does not Urban Logistics REIT purchased the million
however include two deals, including 4,245 sqm retail warehouse from
the year’s largest, which were part of a Xpediator for £4.8 million. This deal
larger North West portfolio purchased marked one of five acquisitions of
by industrial property investors logistics premises announced by Urban
Warehouse REIT. 1 Kingsland Grange Logistics, for a total sum of £33.1
in Woolston is a 6,596 sqm warehouse million.
currently let to plastic compounds
supplier, Perrite. Additionally, the
Mountpark Omega
10Warrington Annual Property Review 2021 | Investment Warringtonandco.com
Time Square
The performance of this year’s
investment sector will come as no Nevertheless, investor activity still
surprise to most. Investor appetite remains in part across all sectors
is always affected in large part by in Warrington. With a positive
economic uncertainty, reducing the average Net Initial Yield of 6.7
level of investor demand and indeed percent achieved across all reported
supply of opportunities coming to transactions in 2020, the market
market. This was both demonstrated showed a level of resilience that, it
last year, amidst the resolution of will be hoped, can be built upon as
Brexit, and continued to a much the country looks to shake off the
more significant extent this year, as restrictions that have characterised a
Covid-19 saw activity drop towards turbulent year.
the recession-hit level of 2011.
11Warrington Annual Property Review 2021 | Investment Warringtonandco.com
Investment Deals Completed
Ofce
Net Initial
Property Vendor Purchaser Size (m2) Price (£M) Tenant Income Agent(s)
Yield (%)
Fire Control North
Private Clients of Fire Control
West HQ, Lingley 2,323 19.50 Undisclosed 7.3 Undisclosed
Investor Deutsche Bank North West
Mere Business Park
Spencer House,
RDI REIT MDSR 4,645 Portfolio Sale Various Undisclosed Undisclosed Savills
Birchwood
Industrial
Net Initial
Property Vendor Purchaser Size (m2) Price (£) Tenant Income Agent(s)
Yield (%)
Unit 1, Kingsland Private Portfolio
Warehouse REIT 6,596 Portfolio Sale Perrite 6.10 Undisclosed
Grange Woolston Investor Sale
Unit 13, Taurus
Park, Gemini Demac Bradda Capital
4,157 3.65 Falck 255,900 6.58 JLL
Business Park, Properties Ltd Ltd
Gemini
Warehouse Unit, Private Selco Trade Portfolio
Warehouse REIT 3,902 Portfolio Sale 6.10 Undisclosed
Milner Street Investor Centre Sale
Retail
Net Initial
Property Vendor Purchaser Size (m2) Price (£) Tenant Income Agent(s)
Yield (%)
Birchwood
Shopping Centre, RDI REIT MDSR 29,999 Portfolio Sale Various Undisclosed Undisclosed Savills
Birchwood
Retail Warehouse, Urban Logistics
Xpediator 4,245 4.8 The Range 202,420 7.40 Undisclosed
Winwick Road REIT
Retail Unit (Former
Private Parker St (MSCP) Pound-
Dunhelm Mill), 2,150 2 Undisclosed Undisclosed Undisclosed
Investor Ltd stretcher
Parker Street
350 and 350a Better
City Centre Sanderson
Wilderspool Bathrooms 699 0.51 Undisclosed Undisclosed Undisclosed
Projects Weatherall
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12Warrington Annual Property Review 2021 | Office Warringtonandco.com
Ofce
Despite an economic landscape smaller space demonstrated a
ever-changing with Covid-19 level of caution brought about by
restrictions, Warrington’s office heightened restrictions and a need to
market showed great resilience accommodate for staff, at least in part,
to work from home.
throughout 2020. Buoyed by
two significant deals throughout Once again Birchwood Park set
the year, the town saw the level the year’s prime rent, with £215 per
of transacted floorspace at its sqm achieved on the 672 sqm deal
highest since 2014. to Hoover Candy at Bridgewater
Place. The second-floor premises at
A total of 25,225 sqm of office space 301 Bridgewater Place serves as an
was transacted throughout 2020, expansion to the 1,112 sqm office the
comprising 28 deals. Although total domestic appliance manufacturer 25,225 m2
deal numbers were down to the lowest took in 2018, which includes a 232
level in almost a decade, two headline sqm showroom showcasing the
floorspace
transactions at Time Square and company’s ‘Kitchen of the Future’ transacted in
Stanford House in Birchwood boosted installation. Elsewhere, rents remained
the floorspace total and demonstrated robust across the town, with £188 per
2020 in 28 deals
a level of consistent occupier appetite sqm achieved at the Quayside and
for space in Warrington. Brewhouse buildings at Wilderspool
Business Park, as well as at Ibis Court on
In recent years, a strong churn of Centre Park.
transactions has led to significant
activity below the 1,000 sqm level. Twenty percent of reported deals
in 2020 were freehold transactions,
Prime Rent
In fact, smaller deals of this nature
accounted for 69 percent of all
floorspace transacted in 2019. In 2020
however, the tables turned significantly
with deals above 1,000 sqm accounting
including the year’s largest at 1 Time
Square. Disclosed values varied, with
the highest achieved at 5a Olympic
Park, through the sale of the 391 sqm
£215 per m2
for 67 percent of all floorspace. Indeed, building to Churchill Retirement Living
the two largest deals combined, both at £1,399 per sqm. The building will
over 5,000 sqm, accounted for almost serve as the main hub to the company’s
50 percent of all office deals above 200 North West operation. Elsewhere the
sqm. Palmyra Street Chambers were sold to
Brenrun Ltd for £1,323 per sqm on a
Unsurprisingly then, the trend of an long leasehold term and 10 Mandarin
ever-decreasing average deal size Court, a 550 sqm modern office
stopped this year, instead growing building on Centre Park, was sold to
from 590 sqm in 2019 to 901 sqm Cauldwell Construction for £1,076 per
in 2020, as occupiers looking for sqm.
Birchwood Park
13Warrington Annual Property Review 2021 | Office Warringtonandco.com
Skin City, Centre Park
As highlighted in principle in last year’s move formally agreed, BT is expected
Review, Warrington Borough Council to take occupation in April 2021.
finally took possession of 1 Time While Birchwood typically saw the
Square in 2020 in what unsurprisingly majority of office activity above 200
became the year’s largest deal. Post sqm, other areas including Centre Park
lockdown, the Council will occupy saw a significant amount of floorspace
7,636 sqm of the Grade-A, Town transacted. Five deals completed on
Centre office space, over five floors. the Business Park, comprising 3,141
The new location, from which staff will sqm, 12 percent of the year’s total.
move from current premises including Three of these deals were of 500 sqm
New Town House and Quattro, has or more. The two largest deals on the
space for 800 workstations. Staff from scheme were the respective lettings of
The Base, Rylands Street, Museum 1 and 2 Lakeside Court to the NHS and
Street and Contact Warrington are skincare accessory specialist Skincity
also set to move into the new building, UK. These two deals were completed
which has been fully optimised to offer at an average rent of £153 per sqm,
meeting rooms, kitchen / breakout with both companies agreeing to a
areas and a conference suite, as well
as showers, changing facilities and
lockers.
5-year lease.
Warrington’s thriving business hub, The
100%
renewal rate
Base, also saw another successful year at The Base.
The year’s other notable headline of lettings. Two early lettings to Sumo
sees BT relocating to Stanford House Digital and online marketing agency Building is now home to
in Birchwood, a two-storey building Feel Digital brought the total number 26 companies employing
located off Birchwood Park Avenue. of digital businesses in the building to 253 staf
The communications giant has agreed 15, accounting for 65 percent of all
to a 10-year lease from Warrington occupiers. Buoyed by a 100 percent
Borough Council, which purchased the renewal rate throughout the Covid-19
building from Texton Property Fund in pandemic so far, the building is now
2018 for £13 million. This then marks home to 26 companies employing 253
the Council’s involvement in the two staff.
largest office deals of 2020. With the
14Warrington Annual Property Review 2021 | Office Warringtonandco.com
Ofce Deals Completed
Lease
Tenant/
Property Address Vendor/Landlord Size (m2) Rent/Price (£/ m2) Term Agent(s)
Purchaser
(Years)
Warrington Borough Warrington
1 Time Square 7,636 Undisclosed Freehold Unrepresented
Council Borough Council
Warrington Borough
Stanford House, Birchwood BT 5,090 Undisclosed 15 JLL
Council
Parrs Bank, 7-11 Winwick Read Property
Mexion Ltd Undisclosed 1,509 £307.96 Freehold
Street Associates
3rd Floor, 401 Faraday Street, Warrington Borough BE Group / JLL /
Flexera Software 1,509 £169.53 10
Birchwood Park, Birchwood Council Cushman & Wakefield
Herbert Street BE Group / Knight
1 Lakeside Court, Centre Park NHS 1,035 £156.08 5
Partnership Frank
Herbert Street BE Group / Knight
2 Lakeside Court, Centre Park Skincity UK 985 £150.70 5
Partnership Frank
2nd Floor, 301 Bridgewater
Warrington Borough BE Group / JLL /
Place, Birchwood Park, Hoover Candy 672 £215.28 15
Council Knight Frank
Birchwood
10 Mandarin Point, Centre Cauldwell
Peleton Properties 550 £1,076.40 Freehold BE Group
Park Construction
The Warrington
7 Bold Street Winterwood Ltd 465 £645.84 Freehold Morgan Williams
Club
Patten House, Mersey Street Core Property Alt Space 437 £96.88 Undisclosed Roberts Vain Wilshaw
First Floor, 103 Dalton Avenue, Warrington Borough
Kellen Homes 414 £180.30 5 BE Group / JLL
Birchwood Park, Birchwood Council
Ground Floor, 103 Dalton
Warrington Borough BE Group / JLL /
Avenue, Birchwood Park, Miller Homes 393 £180.30 5
Council Knight Frank
Birchwood
Emsphere House, Taylor Morgan Williams /
Ribston Airangel 391 £129.17 3
Business Park, Risley Roberts Vain Wilshaw
Roberts Vain Wilshaw
Churchill Retirement
5a Olympic Park, Birchwood Marshal CDP 391 £1,399.00 Freehold / Cushman &
Living
Wakefield
1 Time Square Hoover Candy, Birchwood Park
15Warrington Annual Property Review 2021 | Office Warringtonandco.com
Lease
Tenant/
Property Address Vendor/Landlord Size (m2) Rent/Price (£/ m2) Term Agent(s)
Purchaser
(Years)
2nd Floor, The Malt Building, BE Group / JLL /
Bruntwood Jellyfish 386 £177.61 5
Wilderspool Business Park Knight Frank
BE Group / Roberts
Part 3rd Floor, The Outset,
Equinox Skills For Security 306 £118.40 5 Vain Wilshaw / B1
Sankey Street
Real Estate
Moorland Property Roberts Vain Wilshaw
Ibis Court, Centre Park Arevon Energy 296 £188.37 10
Solutions / Savills
Ground Floor, 230 Cygnet Keate Property & VUR Village Trading
275 £136.38 5 Morgan Williams
House, Centre Park Trading Co Ltd No. 1 Ltd
Palmyra Square Chambers, Thorntree
Brenrun Ltd 260 £1,323.97 Freehold Morgan Williams
13-15 Springfield Street Investments
1a Birchwood One Business BE Group / Knight
Fideliti CDX Security 252 £156.08 5
Park, Birchwood Frank
Suite B, Chadwick House, Warrington Borough BE Group / JLL /
HP Enterprises 244 £156.08 5
Birchwood Park, Birchwood Council Cushman & Wakefield
VIP House, 4 Hardwick
VIP Group DHL 244 £107.64 5 BE Group
Grange, Woolston
14 Quay Business Centre, Tela BE Group / Roberts
Bauer 242 £156.08 5
Winwick Communications Vain Wilshaw
Quayside, Wilderspool
Bruntwood Belrock 232 £188.37 3 BE Group / JLL
Business Park
The Brew House, Wilderspool BE Group / JLL /
Bruntwood RJ Accountants 223 £188.37 5
Business Park Knight Frank
Part Ground Floor, 910
BE Group / Knight
Birchwood Boulevard, Frankel Brow A1 Envirosciences 216 £156.08 5
Frank
Birchwood
Caldwell
10 Webster Court, Gemini Alpha BioLabs 209 £129.17 3 BE Group
Construction
Exemplum Print
Rixton Old Hall, Rixton Maher 200 £155.00 5 Roberts Vain Wilshaw
Services
Centre Park Rutherford House
16Warrington Annual Property Review 2021 | Industrial Warringtonandco.com
Industrial
Thanks once again to a number average rent for the year at £69 per
of significant deals at Omega, sqm. Across the eight freehold deals,
Warrington’s industrial market the average value achieved was £620
performance performed well per sqm. The year’s highest rent was
achieved at 12a Penketh Business Park,
in 2020. The appetite for large
where Blears Food took a 3-year lease
warehouse and distribution units for the 256 sqm unit at £86 per sqm.
in Warrington is also reflected Elsewhere, the largest freehold value
across the North West, where of 2020 was £903 per sqm, achieved
analysis from Savills reveals that on the sale of 261 Europa Boulevard on
the current vacancy rate is 5.48 Gemini.
percent, the lowest ever recorded. 147,410 m2
Outside of the 50,000 sqm of space
transacted at Omega in 2020, local
transacted in
The same report last year
demonstrated that supply for large industrial centres across the town also 2020 in 66 deals
warehouse premises, above 9,000 sqm, performed well. Woolston, for example,
fell to around 390,000 sqm, meaning demonstrated over 27,500 sqm in
availability equating to only 1.07 years- take-up, with Birchwood / Risley and
worth of industrial supply. Even this Winwick / Gemini equally recording
supply is skewed somewhat towards the take-up of over 24,000 sqm and 22,000
smaller end as, for example, there is no sqm, respectively. Certainly, the yearly
current representation for warehouse churn of smaller industrial premises is
units above 45,000 sqm in the North to thank for this strong performance, Average Rent
with schemes like Rufford Court and
69
West.
Melford Court in Woolston and Trident
In Warrington, take-up was positive,
with 147,410 sqm of industrial
Business Park and Ravenhurst Court
in Birchwood leading the charge for £ per m2
floorspace transacted, comprising 66 smaller local occupiers.
deals. Despite the backdrop of the
pandemic, these figures represent The year’s two largest deals, at
the highest amount of floorspace Omega, first saw meal box delivery
transacted since 2014 and the highest company Gousto take the first unit of
number of deals since 2016. Whilst this Mountpark’s Phase 2 development. The
significant increase in floorspace was company agreed a lease for the new
no doubt assisted by activity at Omega, 28,596 sqm unit, due for completion
deals in both Winwick and Birchwood in early 2021, with the move marking
demonstrate that there is certainly a the business recording a 70 percent
sustained demand from occupiers for year-on-year revenue increase in the
space across the Town. first quarter of 2020. Subsequently, Daten Avenue, Birchwood Park
forklift and machinery manufacturer
58 of the deals completed were done so Jungheinrich, agreed a lease on the
on a leasehold basis, with the remaining final remaining Phase 1 unit. The letting
12 percent freehold sales. With of the 17,223 sqm warehouse now
demand consistent, landlords were able means that Mountpark has completed
to achieve an average lease length of more than 90,000 sqm-worth of lettings
5.5 years. Of those deals where lease on the site, with Phase 1 fully let.
terms were disclosed, only one of the
year’s 15 largest was completed on less 27 Leacroft Road in Birchwood has
than a ten-year lease, with one deal been leased by Revolution Transport
completed on a 15-year lease. Not Services. Taking a 10-year lease on the
only then is there a consistent level of site, it marks the company’s expansion,
demand for large industrial space, but with existing premises at Clayton Road
occupiers continue to demonstrate a Industrial Estate, also in Birchwood. The
commitment to the Borough. single-storey warehouse is owned by
Homes England.
Values also remained robust, with the
17Warrington Annual Property Review 2021 | Industrial Warringtonandco.com
Omega Business Park Daten Avenue, Birchwood Park
Chancerygate and Hines have Omega Warrington. Following the
been given planning permission successful granting of planning
to build around 9,000 sqm of permission in January 2021,
industrial and warehouse space Tungsten Properties plan to
on the final remaining 2 ha plot at redevelop the site to build a new
Gemini8. The proposal for the site warehouse totalling 22,500 sqm
includes 18 units, between 230 sqm including office space, 18 dock-
and 1,115 sqm in size. Phases 1 levellers and a 229-space car park.
and 2 of the site already comprise
occupiers including Travelodge, A new low carbon HGV refuelling
Harvester and Starbucks, with a station, operated by CNG Fuels,
further site sold to gym operator FX has opened at Omega. The station
leisure, who opened Athelis Fitness is considered to be the largest HGV
Centre in 2019. gas refuelling station in Europe and
can fill up to 800 trucks a day with
A prominent distribution Bio-CNG, a low-carbon alternative
development site at Lyncastle to diesel. CNG Fuels claims hauliers
Road, Appleton Thorn, has have saved 55,000 tonnes of CO2
been purchased by Tungsten since the outset of Bio-CNG in
Properties for £7.5 million. The 2017.
site was previously owned by
Travis Perkins which has since
relocated to a larger facility at
New HGV
Refuelling station
largest in Europe and can
refuel 800 trucks a day.
18Warrington Annual Property Review 2021 | Industrial Warringtonandco.com
Industrial Deals Completed
Vendor/ Tenant/ Rent/Price Lease
Property Size (m2) Agent(s)
Landlord Purchaser (m2 /£) Term
Unit 1, Phase Two, Mountpark Mountpark
Gousto 28,596 Undisclosed Undisclosed CBRE / JLL
Omega Properties Ltd
Unit 4, Phase One, Mountpark Mountpark Jungheinrich
17,223 Undisclosed Undisclosed CBRE / JLL
Omega Properties Ltd (UK) Ltd
Hermes Parcelnet
Winwick 185, Mill Lane, Winwick Undisclosed 17,208 Undisclosed 3 B8 Real Estate
Ltd
Revolution
Homes Lambert Smith Hampton /
27 Leacroft Road, Birchwood Transport 10,869 Undisclosed 10
England Eddisons
Services
Stretton Distribution Centre, Carmel
AVJON Ltd 9,754 Undisclosed Undisclosed B8 Real Estate
Stretton Southend Ltd
Kingsland 21, Kingsland
Canmoor Hermes 9,754 Undisclosed Undisclosed B8 Real Estate
Grange, Woolston
Unit 3, Phase One, Mountpark Mountpark
Royal Mail Group 8,477 Undisclosed Undisclosed JLL / CBRE
Omega Properties Ltd
Warrington
721 Eddington Way, Birchwood
Borough Maniere De Voir 4,671 83.42 10 JLL / B8 Real Estate
Park, Birchwood
Council
Unit 21, Rufford Court, Confidential
AVDEL UK Ltd 4,199 56.51 10 JLL / B8 Real Estate
Woolston Landlord
Unit 29, Kingsland Grange, Buddha Group
Mileway 4,180 Undisclosed 10 B8 Real Estate
Woolston Ltd
Unit 50, Melford Court,
Colliers CRE Dennis Eagle Ltd 2,614 64.05 15 Roberts Vain Wilshaw
Woolston
Warrington
719 Eddington Way, Birchwood
Borough Harris UK 2,236 83.42 10 JLL / B8 Real Estate
Park, Birchwood
Council
261 Europa Boulevard, Gemini GJT Ltd Ilecsys 1,910 903.10 Freehold BE Group
Warrington
718 Eddington Way, Birchwood Manchester
Borough 1,699 83.42 10 JLL / B8 Real Estate
Park, Birchwood Engineering
Council
Toolbank House, Appleton Private Readypower Rail
1,514 Undisclosed 10 B8 Real Estate
Thorn Trading Estate, Appleton Individual Services Ltd
Unit 2, Heaton Court, Birchwood IO Investments Decortie UK Ltd 1,454 53.82 3 B8 Real Estate
Unit 211, Europa Trade Park, Aesthetic
Canmoor 1,394 80.73 5 B8 Real Estate
Europa Boulevard, Gemini Technologies Ltd
Unit 27, Rufford Court, Peter Stevens Roberts Vain Wilshaw / B8 Real
Ultra Group Ltd 948 59.20 7
Hardwick Grange, Woolston Estates Estate
Unit 2, Rivington Court, Peter Stevens Roberts Vain Wilshaw / B8 Real
EMS Ltd 703 59.20 9
Hardwick Grange, Woolston Estates Estate
Anytime Express
Unit 4a, Eagle Park Mileway 697 80.73 3 B8 Real Estate
Transport Ltd
Country
Low Energy
32-34 John Street Electrical 674 376.74 Freehold Morgan Williams
Supermarket Ltd
Wholesale
19Warrington Annual Property Review 2021 | Industrial Warringtonandco.com
Vendor/ Tenant/ Rent/Price Lease
Property Size (m2) Agent(s)
Landlord Purchaser (m2 /£) Term
Unit 3d, Trident Business Park, St Modwen
Eagle Removals 664 43.06 5 BE Group
Birchwood Developments
Warrington
208b Cavendish Place,
Borough Citron Hygiene 661 80.73 10 JLL / B8 Real Estate
Birchwood Park, Birchwood
Council
Private British Airways
Lyncastle Road, Appleton 604 Undisclosed Freehold B8 Real Estate
Individual Pension Trustees
Dynamis
Unit 4b, Eagle Park Mileway 604 80.73 5 B8 Real Estate
Associates Ltd
Coal Pension Warrington Cash
Unit 7, Colville Court, Winwick 530 64.58 10 Knight Frank
Properties Ltd & Carry
Coal Pension
Unit 12, Colville Court, Winwick Bar Code Elite 514 69.96 5 Knight Frank
Properties Ltd
Unit 17, Grosvenor Grange, Clarkson Evans
Mileway 511 56.51 Undisclosed B8 Real Estate
Woolston Ltd
Network
Gateway 49 Trade Park’ H4 Medical Ltd 511 80.73 Undisclosed B8 Real Estate
Space
LaSalle
Unit 8, Colville Court, Winwick Investment KENJI (UK) Ltd 505 69.97 5 JLL
Management
Unit 226, Europa Trade Park, Direct Online
Canmoor 502 83.42 5 B8 Real Estate
Europa Boulevard, Gemini Services
Unit 47, Melford Court,
Colliers CRE Corroventa Ltd 492 59.20 5 Roberts Vain Wilshaw
Woolston
Unit 16, Tatton Court, Kingsland Welcome
Eden Hub Ltd 451 56.51 Undisclosed Read Property Associates
Grange, Woolston Estates
Neighbourhood
Unit 5, Guardian Street Undisclosed 436 54.90 5 Morgan Williams
Food Larder Ltd
Unit 8, Ravenhurst Court, Orbit
Neutronics 423 57.06 5 BE Group / Roberts Vain Wilshaw
Birchwood Developments
Unit 3, Grosvenor Grange,
Mileway Kaltire 418 61.89 Undisclosed B8 Real Estate
Woolston
Morgan Williams / Roberts Vain
Prestwood Court, Risley Undisclosed Undisclosed 413 861.12 Freehold
Wilshaw
The Chefs
Unit 2, Gemini Trade Park,
Canmoor Patisserie 371 80.73 5 M7 Real Estate / B8 Real Estate
Europa Boulevard, Gemini
Company
Unit E4, Trident Business Park, St Modwen Crossfit
369 67.81 5 BE Group
Birchwood Developments RepByRep
Family Martial
Georgetown
Unit 9, Bowood Court, Winwick Arts (Liverpool) 364 54.90 5 BE Group
Carr Ltd
Llp
Confidential Eskens Tinting
Unit 4, Colville Court, Winwick 357 64.58 5 JLL / Knight Frank
Landlord Solutions Ltd
Murraywood
Anti-Ligature
51 Haydock Street Plant Pension 353 505.91 Freehold Morgan Williams
Shop Ltd
Scheme
Unit 255, Europa Trade Park, Paysmart
Canmoor 351 83.42 5 B8 Real Estate
Europa Boulevard, Gemini Carpets
20Warrington Annual Property Review 2021 | Industrial Warringtonandco.com
Vendor/ Tenant/ Rent/Price Lease
Property Size (m2) Agent(s)
Landlord Purchaser (m2 /£) Term
Unit 11, Grosvenor Grange,
Mileway Ultra Group Ltd 344 61.89 5 B8 Real Estate
Woolston
Unit 21, Rufford Court, Peter Stevens Volker Fitzpatrick Roberts Vain Wilshaw / B8 Real
344 67.81 5
Hardwick Grange, Woolston Estates Ltd Estate
Unit 16, Rufford Court, Peter Stevens Cadre
344 66.95 3 Roberts Vain Wilshaw
Hardwick Grange, Woolston Estates Components
Unit 242, Europa Trade Park,
Canmoor Diva Costumes 344 85.57 5 B8 Real Estate
Europa Boulevard, Gemini
Unit 15 Rivington Court, Peter Stevens Impact Driver Roberts Vain Wilshaw / B8 Real
334 71.37 3
Woolston Estates Performance Estate
Highways
Unit 11, Adlington Court, Risley Rachelfield Ltd Envirotech 310 645.84 Freehold Morgan Williams
Solutions Ltd
Unit 22, Melford Court, Knight Frank Leigh Caring
301 61.89 3 Roberts Vain Wilshaw
Woolston Investments Kitchen
Hydra Clear
Unit 5, Grosvenor Grange, Knight Frank Roberts Vain Wilshaw / B8 Real
Process Water 297 61.89 3
Woolston Investments Estate
Ltd
Unit 15, Rivington Court, Peter Stevens Impact Driver Roberts Vain Wilshaw / B8 Real
297 71.04 3
Woolston Estates Performance Ltd Estate
Unit 16, Rivington Court, Knight Frank Romac
285 64.05 3 Roberts Vain Wilshaw
Woolston Investments Engineering
Unit 1, Ravenhurst Court, Orbit Emily Victoria
282 57.05 5 BE Group / Roberts Vain Wilshaw
Birchwood Developments Candles
Unit 14, Melford Court, Knight Frank
Passcomm 276 64.05 3 Roberts Vain Wilshaw
Woolston Investments
Unit 43, Burtonwood Industrial Private County Sports
261 574.80 Freehold BE Group
Centre, Burtonwood Individual Surfaces
Unit 12a, Penketh Business Park, M20 Holdings
Blears Food Ltd 256 86.11 3 B8 Real Estate
Penketh Ltd
3G3 Lyncastle Way, Barleycastle TRB
Undisclosed 237 75.35 5 Morgan Williams
Industrial Estate, Appleton Investments
Unit 18, Forward Works,
Riverside, Bridge Lane, Undisclosed Undisclosed 223 69.97 3 Morgan Williams
Woolston
Keate
Unit 3, Asher Court, Lyncastle
Property
Way, Barleycastle Lane, Juzo UK Ltd 207 64.58 3 Morgan Williams
& Trading
Appleton
Company Ltd
Unit B4, Trident Business Park, St Modwen
GCR Transport 205 69.97 3 BE Group
Birchwood Developments
3G6 Lyncastle Way, Barleycastle TRB
Undisclosed 200 67.28 5 Morgan Williams
Industrial Estate. Appleton Investments
Keate
Unit 1, Asher Court, Lyncastle
Property Coldshield
Way, Barleycastle Lane, 200 67.28 3 Morgan Williams
& Trading Insulation Ltd
Appleton
Company Ltd
MAPP
1 Trinity Court, Birchwood Raw Strength 200 75.35 3 Roberts Vain Wilshaw
Property
Unit 46, Burtonwood Industrial Private Advanced Water
200 473.62 Freehold BE Group
Centre, Burtonwood Individual Technologies
21Warrington Annual Property Review 2021 | Leisure Warringtonandco.com
Leisure
Throughout 2020 the leisure The end of the year also saw
industry was hit hard by Covid-19 construction begin on Warrington
related restrictions. What followed Youth Zone, a brand new, state-of-
was a year of robust change, as the the-art facility with the capacity to
welcome an additional 3,000 members
hospitality sector in particular was
per year. Located on Dallam Lane
forced to adapt to the constantly beside the University Technical College,
shifting regulations in an attempt the facility will provide young people
to find new ways in which to across the town with a safe and
reach their increasingly isolated inspiring place to spend leisure time 2880m2
customers. away from the pressures of home and
school. It will ensure that every young
trampoline
Following the opening of Time Square person in Warrington, regardless of experience
their circumstance or background, can
in 2019, the site has adapted to the
access first-rate facilities alongside
comes to Time
changing restrictions, with the new
Warrington Market opening to the expert mentoring and employability Square
public. As well as its wider retail programmes, levelling the playing field
occupiers, the food and drink offering and tackling specific issues that might
across the open-air ground floor and otherwise hold them back.
external seating area gives the public
5.6m
the opportunity to enjoy the Town Although construction was delayed
Centre’s new destination whilst still by the onset of Covid-19, the facility is
adhering to the Government’s lockdown due to open in 2022. In the meantime,
Barclays has gifted Warrington
£
regulations when applicable.
Youth Club £100,000 in order to help expansion of
In addition, October saw the opening support young people and families in Gulliver’s World
of Gravity Active Entertainment at Warrington affected by the pandemic.
Time Square. The brand-new leisure The funding is to be used with a special
destination features ‘wall-to-wall’ focus on the digital ‘Youth Zone @
trampolines, rock climbing walls and Home’ content, whilst services have
a bar / café. It also has capacity for largely been delivered digitally during
fitness classes, parent / toddler events 2020.
and birthday parties. The 2,880 sqm
premises provides Gravity Active A proposed 5.6 ha, £5.6 million
Entertainment with its first North West extension of the Gulliver’s World resort
location, adding to ten other centres has been approved. The extension will
across the country. This follows on from consist of 79 wooden chalets, a caravan
the company’s 2019 entry into The site, a camping meadow, a spa, and a
Times Virgin Atlantic Fast Track 100, an woodland activity zone. There will be
award which recognises the UK’s fastest access to numerous nature trails from
growing companies based on financial the activity zone, connecting the site
performance. to Sankey Valley Park and Woodland
The Botanist, Time Square Youth Zone
22Warrington Annual Property Review 2021 | Leisure Warringtonandco.com
Gravity, Time Square
Trust land. Gulliver’s estimates that The Hub is nearing completion and will
the expansion would generate an be open in May 2021.
additional £1.2m for the local economy
each year as well as providing 220 new Clifford Christian Estates has
job opportunities. applied for outline planning
consent for the erection of a seven-
The new Bewsey and Dallam Hub will storey, 126-bedroom hotel next to
provide a library and learning area, Warrington’s emerging Bank Quay
health facility, flexible community Hub. The proposed hotel would be
space, fitness suite and a hydrotherapy situated in close proximity to Bank
/ learning pool to service demand Quay Station, accessible from
for rehabilitation and to serve the Slutchers Lane, allowing the hotel
needs for additional community to benefit from demand brought to
swimming pool provision to support the area by commuters travelling to
the wider well-being, health, social Warrington. It is anticipated that the
and economic change for the hotel would provide 42 full-time jobs.
area which has national support
from Sport England. The hub will
provide an improved opportunity to
Looking forward to other exciting
things to come, Warrington is set to
Rugby League
promote sport, leisure, libraries and host three fixtures of the Rugby League World Cup
lifestyles as a medium for increasing World Cup, starting in October 2021.
participation and improving the With fixtures including New Zealand Warrington will host Papua
health of the local community and v Lebanon and Samoa v France, New Guinea
reducing levels of obesity, smoking and Warrington will also play host to the
alcohol consumption. It will broaden Papua New Guinea national team who
accessible services and programmes have a game against the Cook Islands
for targeted sections of the community in November. As well hosting three
to enable them to live more games, The Halliwell Jones Stadium
independently and ensure children and will also be the location of an exciting,
families have access to co-ordinated international Physical Disability Rugby
local services which will enable young League event.
people to reach their full potential.
A LEADING PROPERTY DEVELOPER IN THE NORTH WEST
ALLDAY HOUSE RUTHERFORD HOUSE WASHINGTON HOUSE
T: 0161 203 4460 E: info@pinproperty.co.uk www.pinproperty.co.uk
23Warrington Annual Property Review 2021 | Retail Warringtonandco.com
Retail
Unsurprisingly Covid-19 There is no doubt that the strain put
dominated discussion of the retail on non-food retailers in 2020 has
market in 2020, for which changing been considerable, however when
forecasting from the presumption that Retail Spend
restrictions meant that companies
had to deal with reduced footfall
restrictions will start to be lifted by Increased
0.3%
Easter, food sales are expected to fall
and ultimately the uncertainty and slightly by 1.6 percent when hospitality
complexity of closures. Research starts to open in the second half of the
suggests, however, that for some year.
sectors sales soared and public
demand for retail may in fact prove Further forecasts from CRC expect non-
vital to a forecasted growth over food sales in physical stores to increase
the next couple of years. by 15.1 percent, again presuming that
these shops begin to open around
The Centre for Retail Research (CRC)
suggests that in 2020 retail spending
held up well, despite lockdowns and low
rates of customer footfall compared
Easter. Following an increase of online
sales to 32.8 percent of all retail activity
in May 2020, a gradual easing of
restrictions, with the expected opening
29.8%
online share of
to 2019. Equally, the ONS suggests of physical non-food shops, is expected
that retail sales in 2020 increased, if to reduce this number more so to the retail spend
only by 0.3 percent. This however does typical level expected, of around 19.1
not consider much nuance of the wider percent.
situation, with the growth primarily
down to food sales, as supermarkets
generally benefitted from the closure of
hospitality.
Non-food Online Online Share of
Period Food Sales *
sales ** Sales Retail
The CRC have produced the 2019 2.4 1.3 10.7 19.1
following table to suggest
how the next 12 months may 2020 5.4 (12.4) 30.2 29.8
look for the retail industry: 2021 (1.6) 15.1 (9.1) 27.1
Source: Centre for Retail Research, 2021
* Both online and offline (physical stores)
** Physical stores only
Wren Kitchens, Junction 9
24Warrington Annual Property Review 2021 | Retail Warringtonandco.com
Cookhouse, Warrington Market
Although 2020 has been a tough year Market Operators, National Farmers
for retailers of all standing, there Retail and Markets Association
are signs that a consistent demand and the Association Town Centre
for retail in its various guises will Management.
Heavenly Desserts, Time Square
continue to keep the industry going as
restrictions begin to ease throughout Wren Kitchens, one of the UK’s leading
2021. And there is evidence within kitchen retailers, has relocated from
Warrington that the town intends to be Riverside Retail Park to the former
a robust part of that rebirth. home of Mothercare at Junction Nine
Retail Park. Secured on a ten-year
The new, state-of-the-art Warrington lease, the store boasts a 2,015 sqm
Market opened to the public in July showroom over two-storeys, with 83
2020 at Time Square, the town’s unique kitchens on display. The new
flagship mixed-use destination in store also features two virtual reality
the heart of the Town Centre. It studios where customers can bring
is the new home of more than 50 their potential new kitchen to life
independent traders, offering a as well as interact with appliances,
variety of goods and services. In drawers, and storage solutions.
addition, The Cookhouse features a
dozen food and drink traders offering In February, Angling Direct opened
cuisines from all around the world. the doors to its new store at the
With ample seating, customers can Cockhedge Shopping Park. The 418
choose to eat in or takeaway. The £142 sqm premises is the latest addition to
million development was delivered the 37 other angling stores nationwide
by Warrington Borough Council in and broadens the Norwich-based The Cookhouse
partnership with Muse Developments.
The success of the Warrington
company’s presence in the North.
at Time Square
Now open offering cuisines
Market has been recognised by B&M Bargains opened its new 21-aisle
from around the world.
many; the market recently received superstore in the former home of
the award of Market of the Year Homebase on Riverside Retail Park.
at Cheshire Life’s Keep Life Local Moving from its previous location in
awards and has also won awards what is now Time Square, the store was
from organisations including the refurbished in only three weeks and
National Association of British Market now employs 60 members of staff.
Authorities, National Market Traders
Federation, Association of Private
25Warrington Annual Property Review 2021 | Residential Warringtonandco.com
Residential
According to ARLA
Propertymark, 2020 saw the The annual housing data, supplied
highest number of prospective by Warrington Borough Council,
buyers in the last ten years, demonstrated that a total of 559
homes were completed in 2019/20
with demand for housing up by
of which 131, or 23 percent, were
55 percent compared to 2010. affordable. The figures indicate
The market would typically an uplift of 4.3 percent on the
expect to see a seasonal number of completions reported
slowdown, but with the in 2018/19 which, whilst certainly
second lockdown reaffirming positive, is more modest than the
people’s desire to move, and 39 percent increase from last year.
the ongoing stamp duty land
tax relief, it led to the busiest Activity within the Omega Zone
has helped boost the figures and
December in over a decade.
means that once again the local
area with the most activity was
The Table below details residential Great Sankey North & Whittle
sales in Warrington throughout Hall, where 249 completions were
2020. Data from Zoopla indicates reported across five schemes. This
that 1,331 sales completed within includes activity on three phases
the last 12 months, achieving an at Omega Zone 6 – the Miller
average sale price of £217,903. Homes scheme, Woodville Place:
Although total sale numbers and two Redrow Homes schemes,
were somewhat down on the The Brook and The Oaks. The site
previous year, this average does with the largest total completions
demonstrate a 3.2 percent increase however was the Bloor Homes
on the average price reported on Warrington Housing Completions
scheme, Lingley Green, which saw (2019/20)
the site last year. 43 percent of all 101 houses built throughout the
sales during this period were for course of the year.
semi-detached properties, at an
No. of No. of
average sale price of £194,391. Local Area
Following an extensive period of Schemes Completions
Detached properties accounted pre-development, completions
for 28 percent of sales, with on the joint Barratt and David Great Sankey North &
5 249
an increased average price of Wilson Homes scheme in Appleton Whittle Hall
£334,882, and terraced properties were brought into sharp focus, Appleton 7 84
accounted for 24 percent of total with 76 houses now built on the
sales. Bewsey & Whitecross 15 71
site bounded by Pewterspear
Green Road and Stretton Road. Grappenhall 5 59
Warrington House Sales (Last 12
Months) As reported in 2017, the house Culcheth, Glazebury &
12 34
builders were selected by Homes Croft
Average Sale
England to build across the 7.7 Fairfield & Howley 2 18
House Type Sales ha site which will eventually hold
Price (£) Stockton Heath 7 13
180 houses, of which 54 will be
Lymm South 3 7
Detached 369 334,882 affordable.
Burtonwood & Winwick 5 6
Semi-
573 194,391 Comprising a number of smaller,
Detached Rixton & Woolston 1 5
Terraced 318 149,237
Town Centre schemes, Bewsey & Lymm North & Thelwall 2 4
Whitecross saw activity across
Flats 71 108,649 Chapelford & Old Hall 1 3
the largest number of single
Total 1,331 - sites throughout the year. The Orford 2 2
most notable of these are the Birchwood 1 2
Source: Zoopla (as of 8th February 2021)
24 completions on the site of the Latchford East 1 1
former Hawthorne Business Park
Penketh & Cuerdley 1 1
on Hawthorne Street. The Council
approved plans for 46 houses Total 70 559
on the 1.0 ha site in 2017, with
the £5.5 million scheme under Source: Warrington Borough Council (2021)
construction by Lymm-based
developer Mulbury, in partnership
with Plus Dane Housing.
26 warringtonandco.com | @warringtoncoYou can also read
