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.