CBRE let 171,000 sq ft at Parkway, Deeside

North West, 11th November 2009 – The North West industrial team at CB Richard Ellis has, on behalf of Invista Real Estate, successfully let 171,000 sq ft at Parkway Industrial Estate, Deeside, to US packaging company, Excelsior Technologies representing one of the largest lettings in the North Wales region this year.

The deal will allow Excelsior, whose clients include Haribo and Birds Eye, to consolidate its existing three operations in the region into one location.

CBRE secured the deal on a 20-year lease.

Jonathan Thorne, Associate Director of industrial agency at CBRE North West, commented: “Excelsior undertook an extensive search of the North West and Wales region for suitable premises but opted for this building given its bespoke nature for their proposed use and the ability of the landlord to structure a deal to suit their requirement.

“CBRE is pleased to be involved in such a high profile letting which shows there is still activity in the market for the right properties despite difficult trading conditions.”

Mason Owen acted as joint agents for the landlord, and BNP Paribas acted for Excelsior.