M&G Real Estate has agreed terms on a 162,116 square foot warehouse and distribution unit in Deeside, Flintshire.
The agreement is the largest industrial deal so far this year in the North West.
Mayr-Melnhof Packaging, which manufactures food paper and packaging products for companies including Unilever, has signed a 10-year lease for the space at Expressway 56 on Fourth Avenue on the Deeside Industrial Estate, located within two miles of the M56 motorway.
Anthony McCluskie, asset manager at M&G Real Estate, says: “We’re very pleased to welcome Mayr-Melnhof Packaging to the unit. Their occupation was secured with no void period following the previous tenant vacating, which is testament to the quality and location of the unit and the market dynamics the region is currently experiencing.”