Bakery supplier relocates to Trafford Park
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CBRE Global Investors has let 23,222 sq ft at Europa Way, Trafford Park to food manufacturer Kluman & Balter on a new 10-year lease at the headline rent of £6.50 per sq ft.
The unit had undergone a comprehensive refurbishment programme and will be used for the manufacture and production of baking ingredients.
Kluman & Balter were recently acquired by the global chemical distributor, Brenntag as part of their growth into the UK food distribution market.
Paul Thorne, of B8 Real Estate, said “The comprehensive refurbishment and improvement of the asset enabled us to secure a high-profile occupier looking for a food-grade quality unit.
“The minimal void period and the 30% uplift against the previous rent further demonstrates the benefit of undertaking a high standard refurbishment.”
Europa Way comprises three detached industrial warehouse buildings owned by CBRE Global Investors and, following this latest letting, the estate is now fully let.
B8 Real Estate acted as sole letting agents, while Gerald Eve represented Kluman & Balter