American investor snaps up Europa Way site in Trafford Park

Network Space Investments (NSI) has sold a prime 45,000 sq ft multi-let industrial estate at Trafford Park to a private US investor.

The 2.6-acre site on Europa Way includes three high-quality, modern detached units, all fully let to established tenants.

NSI says it still wants to acquire modern units and estates, and recent transactions have included ‘Sale & Leasebacks’ and vacant industrial units across Manchester and Sheffield, underpinned by low capital values and robust occupier demand.

Tom Dawson, Managing Director at Network Space Investments, commented: “We acquired this site in 2022 and have strategically asset managed it to unlock and realise a considerable uplift in value, outperforming our business plan. The sale allows us to reinvest into new value-add opportunities across the North West and Yorkshire.

“We remain confident in the strength of the industrial market and the potential for future capital and rental growth across the sector. We will continue to acquire units and estates in resilient locations where we can actively manage and add value.”

Leo Nicholson at Newmark and Thomas Pearson at JMW Solicitors acted for Network Space Investments. Mike Pochin at CBRE advised the purchaser.