A WIRRAL distribution warehouse has changed hands in a deal worth more than £8m.

Agents at Liverpool-based Mason Owen secured the property in Bromborough on behalf of Invista Real Estate Investment Management.

Invista will develop the 170,000 sq ft warehouse in conjunction with Hampton Brook Estates and the Northwest Development Agency.

The warehouse has already been pre-let to Great Bear Distribution for a period of 10 years, with a fixed rental uplift in the fifth year.

The warehouse is located in Thermal Road, opposite Cereal Partners’ factory in Bromborough.

Great Bear currently has a contract to warehouse and distribute Cereal Partners products so this new facility will reduce its carbon footprint.

The development is due to be completed in December 2011.

The facility will be rated BREEAM (BRE Environmental AssessmentŠMethod) excellent, Mason Owen said.Š

Property agents Legat Owen represented Great Bear and Hampton Brook Estates and Mason Owen represented Invista.

Lawyers Howes Percival represented Hampton Brook Estates, Eversheds for Great Bear, Platt and Fishwick for the NWDA, and DLA Piper for Invista’s clients.