ARGO Real Estate acquires £17m slice of Trafford Park
The UK-based investor, in a joint venture with Blue Coast Capital, has purchased the 20 units at Harp Trading Estate from CBRE Investment Management as it steps up efforts to build a £500m logistics portfolio.
Units at the fully let estate off Guinness Road at Trafford Park range from 2,800 sq ft to 8,200 sq ft, providing a total floorspace of 78,100 sq ft.
Newmark acted for ARGO Real Estate, with CBRE and Knight Frank advising CBRE IM on the deal, understood to be worth £17m.
In March 2025, the joint venture was set up with the backing of Blue Coast Capital and aims to purchase urban logistics assets and repurpose them into sustainable properties for densely populated UK cities.
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Mark Kelly, head of asset management at ARGO Real Estate, said: “Located in one of the UK’s most important logistics hubs, Harp Trading Estate presents a strong opportunity to unlock value through active asset management and capture rental growth in a supply-constrained market.
“Through enhancing its sustainability credentials, working with occupiers to improve their units and lower their operating costs, we expect to capture significant reversion.”
Situated in the heart of Trafford Park, the industrial estate benefits from close connectivity to the M60, Manchester city centre, and Manchester airport.
Crispin Gandy, chief executive of ARGO Real Estate, added: “As a co-investor in every one of our deals, our conviction in this brown-to-green strategy is further demonstrated through this transaction.
“The acquisition of Harp Trading Estate is exactly the kind of opportunity we and Blue Coast Capital are seeking as we build our £500m multi-let urban logistics platform.”
Current tenants at the site include Oakwell Commercials, Ace Conditioning, and Sunbelt Rentals.
