TRAFFORD POINT FULL AS GLOBUS SIGNS FOR 100,000 SQ FT

Safety equipment supplier Globus has taken nearly 100,000 sq ft at the speculatively-developed Trafford Point in Manchester, meaning the 240,000 sq ft scheme is now full.

Advised by RGD Consulting, Globus has taken the 98,600 sq ft T2 unit on a 10-year lease at a rent of £6.50/sq ft. The project’s first unit, T1, covers 141,500 sq ft and was let to SIG Trading.

Trafford Point, on Ashburton Road West close to Junction 10 of the M60, was developed by Harbert European Real Estate Fund III and forms part of the fund’s 4.4m sq ft Trafford Park portfolio.

This also includes other new-build schemes including North Point on Mosley Road, and 149,000 sq ft at Heywood Point, where there are also plans to develop a further 500,000 sq ft of industrial and logistics space

CBRE asset manages the portfolio, while B8 Real Estate and DTRE are joint letting agents for Trafford Point.

Howard Hill, director of CBRE’s strategic asset management team in Manchester, said the deal “vindicates the decision to speculatively build new accommodation in the area”.

“The quality of the tenant, the lease term and the new rental tone achieved is testament to the quality of the development and reinforces the level of occupier demand for units in this size bracket,” he said.