Lothbury signs four new tenants at Premier Park
Lothbury Asset Management’s Premier Park in Manchester is now fully let after a series of deals amounting to 39,000 sq ft.
Iceland Foods has taken the lease on Unit 3 extending to 15,600 sq ft; online fashion retailer Maniere Du Voir has taken 11,150 sq ft at Unit 7; graphic design company Creation 360 has signed for 7,600 sq ft at Unit 1, and finally Cableglands has taken Unit 16 extending to 4,700 sq ft.
All the above lettings were agreed on a minimum five-year lease term with a new headline rent of £7/sq ft being achieved.
Built in 2008, Premier Park is a fully enclosed estate within Trafford Park, made up of 20 self-contained units.
B8 Real Estate and JLL are joint agents, acting in conjunction with Lothbury Investment Management.
Paul Thorne of B8 Real Estate said: “As Trafford Park’s most modern multi-let estate, Premier Park is one of the few schemes able to satisfy occupier demand for high quality Grade A industrial accommodation. These lettings highlight the continued SME occupier demand in Trafford Park which in turn has resulted in low voids rates and record rental levels being achieved.”