Logistics firm seals deal for 10-year lease at Trafford Park site
Freight logistics firm Harbour International Freight is to make Trafford Park its new UK headquarters after agreeing a deal to let 43,000 sq ft of industrial space at Merlin Park.
In a deal brokered by JLL on behalf of landlord Custodian REIT, the transport, customs clearance and freight forwarding solutions specialist has agreed a 10-year lease on Unit 4, The Furrows at a rent of £7.25 per sq ft.
The move sees Harbour International Freight – a shareholder member of the Pall-Ex network, which operates more than 20 locations across the UK and Ireland – relocate from smaller premises in Eccles. This follows a period of sustained growth for the £45m-turnover logistics firm.
The deal is reflective of the high demand for space at Trafford Park, with JLL ensuring that Harbour Freight would occupy the unit immediately following the end of the previous tenant’s lease, resulting in no void period for the landlord.
Located within Trafford Park, with easy access to junction nine of the M60, Merlin Park is home to a large mix of local, regional and national companies, with Harbour Freight set to neighbour nearby occupiers including Kellogg’s, Anglo Pacific International and The Green Group.
Steve Swinburn, at Harbour International Freight, said: “As an international business based in the North West for more than 50 years, it’s incredibly rewarding to be able to further our growth and maintain our presence here. Trafford Park has long been the ideal home for us and will no doubt play a crucial role as a modern and well located headquarters for the business, driving our future success in the UK and Europe.”
John Whitehurst, industrial and logistics senior surveyor at JLL North West, said: “The speed of this transaction is evidence of the high demand for quality modern warehousing at Trafford Park, which we expect to see continued well into next year.
“We received strong interest from a number of occupiers as Trafford Park continues to be a highly desirable location for occupiers as it offers excellent access to the motorway network and Manchester city centre with a wide range of local occupiers.
“We’re extremely pleased to be able to help Harbour Freight take the next step in its long term growth with this letting.”
Custodian REIT was advised by JLL and BC Real Estate. Harbour International Freight was unrepresented.