Puma Property Finance has provided a £15 million loan to Kier Property to fund an industrial and logistics development south of Manchester at the Sharston Industrial Estate, Wythenshawe.
The funding will be used to develop Kier’s ‘Trade and Logistics City Sharston’ a 97,578ft² flexible unit industrial and logistics scheme of grade A warehouse and office space.
The development is located within an established industrial location and was formally owned by a subsidiary of Siemens.
The four-acre site previously housed a 130,000ft² warehouse building and adjacent office block with car park.
The development is targeting completion in the spring of 2027 and is Puma’s second industrial scheme in partnership with Kier having previously provided a £21m loan in May 2025.
This loan was to fund the development of a new 125,647ft² industrial logistics unit in Milton Keynes known as ‘Logistics City MK’.
The scheme’s sustainability credentials will target BREEAM ‘Excellent’ and EPC ‘A’ ratings.
It will also offer private secured yards and parking; electric vehicle charging; solar PV panels, energy efficient lighting and 24-hour access.
The development will also pursue certification through Puma’s Impact Lending Framework (ILF).
Subject to final completion and the social criteria being achieved, Kier will be entitled to a fee reduction on the loan amount under the terms of the ILF.
Puma Property Finance senior manager, Kent Lawrence, said: “We’re pleased to support Kier Property on a second facility following the successful delivery of their scheme in Milton Keynes.
“At Sharston, Kier is delivering a well-located, multi-let Grade A industrial and logistics development designed to meet a wide range of occupier requirements.
“This partnership reflects our confidence in Kier’s track record and our continued focus on backing proven sponsors delivering best-in-class space.”
