Expeditors Sign Up at New Build in Trafford Park

Expeditors have agreed a deal to lease a 62,500 sq ft speculative new build warehouse unit in Trafford Park.

Harbert European Real Estate Fund III, represented by B8 Real Estate, has let Unit 2 North Point in Trafford Park to the US based global logistics services provider on a 15 year lease.

North Point is a speculatively developed scheme comprising two units with Unit 1 pre-let to HSS Hire.

Paul Thorne from B8 Real Estate said: “Expeditors have had a long-standing requirement in the market and we are delighted to have been able to secure them within the North Point scheme. The lease length and rental achieved reflect the demand for high quality new build premises within a prime industrial location such as Trafford Park.”

Howard Hill, of CBRE Asset Management, acting on behalf of Harbert European Real Estate Fund III said: “We are delighted that we have been able to secure Expeditors as an occupier within the Trafford Park portfolio.

“With so much concern around the lack of good quality industrial buildings within the region at present, we take our responsibility to ensure that we can offer a high specification solution to potential occupiers very seriously, and that commitment has paid off. We are fortunate to have some established brands operating from the Trafford Park portfolio.”

B8 Real Estate are joint agents with Knight Frank and in conjunction with CBRE Asset Management.

Northern Trust Acquire Blackpool Trade Park

Northern Trust has acquired Clifton Trade Park in Blackpool. Northern Trust, advised by B8 Real Estate, purchasing the site from Murphy Young (advised by GVA).

The modern multi-let industrial estate totalling 34,479 sq ft comprises a mixture of industrial/trade counter units and studio office suites, located at the end of the M55, close to the A5230 and junction 4 of the motorway.

John Burrows of B8 Real Estate said “The estate has a good occupancy record with many long-standing occupiers, demonstrating both the quality of the accommodation and strength of the location, with excellent access to both the M55 and Blackpool town centre. ‘We have recently released our bi-annual Market Report, which shows continued occupier demand across the SME market, as a continued lack of supply has resulted in low void rates and increased rental levels across the region.”

The new estate bolsters Northern Trust’s portfolio in Blackpool, who already own Blackpool & Fylde Industrial Estate covering 69,140 sq ft.

Tom Parkinson, Director at Northern Trust commented “We have been long term investors in the Blackpool & Fylde area and, with the planned growth of the town at Junction 4 of the M55 this is an excellent addition to our existing portfolio. We continue to look for opportunities to grow our portfolio in all our trading regions across the Midlands, North-West, North-East, Yorkshire and Scotland.”