Kuehne + Nagel agree 40,000 sq ft airport deal
MAG Developments, the property and development arm of the Manchester Airports Group (MAG), has agreed its biggest letting of the year at the World Freight Terminal.
Global logistics group Kuehne + Nagel has signed a three-year lease on a 19,729 sq ft warehouse that includes two-storey office accommodation and a dedicated service yard.
The company also extended the lease on a neighbouring unit of the same size.
John Atkins, managing director of MAG Developments, said: “This is a large letting of some of our remaining space on the freight terminal site and demonstrates a resurgence in the freight sector over recent months.”
He added: “Figures released just last week showed that cargo flown overseas during September had increased by over 30% compared with the same month last year at Manchester, and the Middle East is continuing to be the strongest export freight performer for the airport.”
MAG said the volume of exported cargo from Manchester Airport grew to 4,227 tonnes in September, a 29.7% year-on-year increase. In the third quarter, cargo volumes at Manchester Airport grew to 30,714 tonnes, up 15.3%.
