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IO Asset Management leases vacant Stockport trade park in 12 months

IO Asset Management has fully let Bredbury 25 Trade Park in Stockport in less than 12 months.

St Gobain Building Distribution, trading as Benchmark Building Supplies, has leased four adjacent units, totalling 16,000 sq ft, to complete the tenant line up at the 48,000 sq ft trade park. Benchmark Building Supplies, which has seven trading locations around the M60 Greater Manchester inner ring road, joins Howco Group, which occupies 19,000 sq ft, Satake Europe, which has 6,300 sq ft, and Stevenswood Trade Centres, which occupies 6,500 sq ft.

IO Asset Management acquired Bredbury 25 on behalf of Tesco Pension Fund from Seddon Group at the end of 2018 for £5.7 million. It comprised nine newly-constructed vacant units.

Williams Sillitoe and Avison Young were joint letting agents.