Plans in for £30m Grade A logistics development at Trafford Park

A CGI of the proposed scheme

A £30m logistics scheme has been unveiled for a seven acre site at Trafford Park.

A joint venture between developer Chancerygate and real estate private equity firm Northwood Investors is proposing a development of 16 units, ranging from 5,000 sq ft to 13,000 sq ft.

Plans submitted show the speculatively-built site would provide a total of 131,000 sq ft of Grade A urban logistics space.

Units will be available on a leasehold basis and the scheme has a projected gross development value of around £30m.

Located on Barton Dock Road, the development site benefits from excellent access to Manchester city centre and is one mile from junction nine of the M60. Neighbouring occupiers include Kellogg’s, Amazon, L’Oréal and Adidas.

Subject to planning approval from Trafford Council, work on the proposed development will commence in early 2023.

The planning submission is Chancerygate and Northwood Investors’ first joint application since launching the JV in September 2021.

The JV plans to target speculative urban logistics development opportunities in key cities throughout the UK over the next 18 months.

Chancerygate development director and head of its Warrington office, Mike Walker, said: “We’re very pleased to have submitted our first joint planning application as part of our JV with Northwood Investors.

“Trafford Park is widely regarded as the prime industrial and logistics location in Manchester. This is a hugely exciting opportunity to deliver the first multi-unit development on the park for more than 14 years and provide the area with high specification, sustainable urban logistics and industrial accommodation.”

Founded in 1995, Chancerygate says it is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.

The company currently has more than 3.5m sq ft of industrial space under construction or ready for development across 32 sites ranging from Bournemouth to Edinburgh. In addition to Warrington, Chancerygate has offices in London, Birmingham, Bristol and Milton Keynes.

New York-based Northwood Investors is a privately held firm that owns and operates real estate across the US and Europe. The firm currently manages approximately $9bn of investor capital with its Manchester office headed by executive director Richard Pellatt.

Agents for the proposed scheme are JLL and Davies Harrison.

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