MORE than £92 million was traded through investment deals in Warrington during 2016 as the town's economy 'continues to boom' despite the 'economic uncertainty'.

On Friday, Warrington & Co revealed the findings from its nineteenth annual property review to a packed audience at the Village Hotel.

It provided an in depth analysis of the town's property development and investment market for 2016, while showcasing the 'significant progress, growth and investor confidence'.

Last year marked the second highest level of investment transactions since 1999.

More than half of the £92.1 million traded in investment deals was generated through industrial transactions.

The office market showed an increase of 20 percent in total floorspace transacted, as well as an improved average deal size of 661 sq m, with major lettings to Muller, Canon and Ofcom.

Smaller lettings, of between 200 sq m and 400 sq m, accounted for 42 percent of all deals completed.

Figures show Warrington's industrial market also remains 'strong', with Omega labelled as 'a site of consistent interest'.

A total of 73 deals took place in 2016, making the year the third best on record, with Omega home to the biggest industrial deals of the year.

Council leader Cllr Terry O'Neill: "Warrington's economy continues to boom.

"As a city we consistently outperform the rest of the region and much of the UK in our economic performance as is evidenced yet again in this review.

"Warrington has very ambitious plans to uphold that economic position and trajectory through our growth framework, Warrington Means Business."

Steve Park, managing director of Warrington & Co, added: "Warrington has gradually become renowned across the UK for offering an excellent investment experience – a message that is being broadcast not just by the council or Warrington & Co but importantly by the investors themselves.

"This is resonated by the statistics presented.

"These are exciting times in Warrington, despite the economic uncertainty the city is bristling with optimism."