AN expanding firm has confirmed that it has bought huge Woolston warehouses currently leased out to a national supermarket chain.

Real estate investor and developer Firethorn Trust has acquired the 21.5-acre logistics asset for an undisclosed sum.

Located on Hardwick Grange, the property comprises three units totalling 432,166 square feet, and these are used as storage, a cold store and office space.

The facility is fully let under a long-term lease to the supermarket chain Morrisons, and Firethorn will manage the asset as owner and landlord.

Chris Beer, senior associate at Firethorn, said: “Having recently reached practical completion at Link Logistics Park in Ellesmere Port, we are pleased to be expanding our portfolio in the north west, which continues to be a leading industrial hub.

“The acquisition of Hardwick Grange reflects our ongoing commitment to the logistics market as we look to allocate capital in prime locations across the UK this year.

“Being ambitious and agile, we are well equipped to seek out income and long-term investment potential, as well as strategic land opportunities, amid the evolving market conditions.

“We are actively pursuing opportunities to deploy significant balance sheet capital into further acquisition and development across the sector.”

Situated in a prime distribution location, the property is within one mile of junction 21 of the M6, providing fast access to the M56, M62 and cities including Manchester and Liverpool.