Sainsbury’s snaps up Trafford Park Mid box warehouse
Sansbury’s has secured a pre-let from Harbert Management Corporation (Europe) on a speculative midbox warehouse at Guinness Point, in Trafford Park.
Sainsburys Supermarkets has signed a 15-year lease on the facility which will provide the retailer with a prominent, high-quality, new build development within the heart the North West’s prime industrial/logistics location. The new 68,374ft2 industrial unit will be practically completed later this month.
Having identified a lack of supply within Trafford Park and the wider Greater Manchester region, Harbert Management Corporation committed to speculatively develop the unit with strong occupational demand received immediately.
Howard Hill of Harbert Management Corporation (Europe) LLC further said; “We have seen record levels of take-up and rental growth across the Trafford Park holding and occupancy levels remain at an all-time high.”
Steve Capper, Director, CBRE’s Industrial & Logistics team, said: “Given the lack of development within Trafford Park, coupled with the prominent location and specification of the unit, it is no surprise that an excellent company such as Sainsburys has committed to the property.”
CBRE and B8RE acted for Harbert Management Corporation (Europe) and Avison Young acted for Sainsbury’s.