Logistics specialist acquires Trafford Park site for redevelopment
Global logistics provider GLP, has acquired a nine acre site in Trafford Park with the aim of redeveloping the land to provide either a 200,000 sq ft unit or smaller units.
The Singapore-based group said the acquisition, for an undisclosed sum, demonstrates its confidence in the North West region.
The site is currently occupied by Tenmat, a manufacturer of advanced materials and components, which will be relocating to a site in Irlam at the end of 2022.
Cushman & Wakefield advised Tenmat on the sale of the site and the relocation to Irlam.
Trafford Park is the premier industrial estate in the North West, covering approximately 1,940 acres and employing 40,000 people.
It was the first purpose-built industrial park in the world and remains one of the largest industrial parks in Europe, accommodating more than 1,300 businesses including Amazon, Unilever, P&G and DHL.
It has excellent connectivity by road, rail and air, strategically located within five miles of Manchester city centre and benefitting from good access to the national motorways network, Metrolink tram and light railway system, and airports including Manchester Airport, 11 miles away, and Liverpool John Lennon Airport, 27 miles away.
The site is also within a five minute drive of junctions nine and ten of the M60 motorway, and the Manchester Freightliner Terminal also provides approximately 20 daily services to the UK’s deep seaports.
Adrienne Howells, development director at GLP, sais: “This is an exciting opportunity to acquire an attractive site in one of the largest, most well connected logistics parks in the UK and Europe.
“The site lends itself to multiple redevelopment opportunities, including reformatting as a large single unit of around 200,000 sq ft, or splitting into an arrangement of smaller units.
“GLP has been extremely active in the UK recently and this latest acquisition and development intention indicates our confidence in the North West region.”
Rob Taylor, partner at Cushman & Wakefield, said: “This site represents one of the best opportunities to secure development land in a prime location in the region.
“There was strong interest in the site. We look forward to working with Tenmat and GLP over the coming months, as Tenmat starts the process of relocating to its new site in Irlam and a new future beckons for the Trafford Park site, with one of the most active developers in the UK at present.”
