Kitchen giant Wren to let Yorkshire warehouse

KITCHEN MANUFACTURER and retailer Wren has signed up to let a 150,000 sq ft warehouse in Brough, East Yorkshire.

Citivale, in conjunction with LRE Capital, have let the warehouse to the retailer on the Humber Enterprise Park, the largest industrial letting within the Hull and East Riding area during the past 12 months.

Wren has signed a six-year lease with a three-year break.

The warehouse unit into which the retailer is moving has been recently refurbished and also includes office accommodation.

Citivale and LRE Capital formed LC Industrial in 2015 to invest in the UK industrial sector.

James Appleton-Metcalfe, managing director of Citivale, said: “Our competitive rents and unrivalled working environment are proving attractive to a whole raft of different occupiers.

“It is immensely gratifying to conclude such a large letting to a well-known household name and a leader in their field.

“This is tremendous news for Humber Enterprise Park and brings our industrial accommodation to 100 per cent occupancy. This latest letting completes over 550,000 sq ft of industrial transactions carried out by Citivale at HEP since purchase.

“This is testament to our ability to deliver on larger refurbishment and development projects.”

So far £6m has been spent on regenerating the whole site, with another £1.2m earmarked for further improvements.