Much-needed big shed nearing completion at Trafford Park
A SPECULATIVE 61,460sq ft industrial development at Trafford Park, Manchester is nearing completion.
North Point on Mosley Road, owned by affiliates of Harbert European Real Estate Fund III and managed by CBRE Asset Services, will be available by the end of the month, making it the first speculative facility in this size range, to be completed in Trafford Park since early 2008.
Comprising warehousing space and first floor office accommodation, the development also includes two dock levels and two drive-in loading doors, a 40m deep yard and parking for up to 59 cars.
It will be located next to a 36,300sq ft warehouse also within the ownership, which has been pre-let to tool hire company HSS.
HSS will be moving into this new design-and-build facility by the end of this year, relocating from Westinghouse Point also at Trafford Park.
Howard Hill from CBRE Asset Services said: “Trafford Park remains one of the prime industrial locations in Manchester.
“There is a shortage of supply of Grade A modern space at Trafford Park across all size ranges due to the lack of any speculative development over the last seven years.
“The imbalance between supply and demand will mean continued upward pressure on rents and reduced incentives.”
Knight Frank and Colliers are the joint agents for the site. Rob Taylor, head of Knight Frank’s North West Industrial team, added: “As highlighted by the HSS pre-let, this is a very attractive site located in the heart of Trafford Park, close to a number of high-profile occupiers such as Kelloggs, DHL, Adidas and L’Oreal.
“A lack of both new build stock and high quality units across all sizes continues to have a significant impact on take up across the region, so speculative developments such as this are essential to meet increasing requirements, particularly in this size range.”
