Harbert European Real Estate Fund III recently completed their largest North West speculative warehouse scheme over 50% of which has been pre-let.
Trafford Point, located on Ashburton Road West close to junction 10 of the M60 comprises a 2 unit high bay grade A warehouse scheme totalling 240,107 sq ft. Unit T1 comprising 141,480 sq ft has been let on completion to SIG Trading Limited on a new 10 year lease at £6.00 per sq ft establishing a new rental tone for the Park.
The remaining unit, T2, extends to 98,627 sq ft benefits from a yard depth up to 100m and is being marketed at a quoting rent of £6.50 per sq ft.
Steve Johnson of letting agents B8 Real Estate commented “We are extremely pleased to secure this long standing requirement from SIG midway through the construction process which allowed us to accommodate a number of their specific requirements. This represents the second speculative warehouse letting in Trafford Park, where terms were agreed prior to completion reinforcing the level of occupier demand in the 100,000 – 200,000 sq ft size bracket which we believe will be replicated on the remaining unit”.
Trafford Point forms part of the 4.4m sq ft Trafford Park portfolio owned by Harbert European Real Estate Fund III. The portfolio is asset managed by Howard Hill of CBRE Asset Management and Howard is delighted to welcome SIG Trading Ltd to the portfolio.
Joint letting agents on the scheme are DTRE and B8 Real Estate. Cushman & Wakefield represented SIG Trading.
