Manufacturer leases Trafford unit
Lothbury Property Trust has let a 15,500 sq ft industrial unit in Premier Park, within Trafford Park, to Lip Hing Metal Manufacturing on a 10-year lease.
The company is paying £6.50/sq ft for Unit 2, and will use it for the storage and distribution of metal components for fire protection systems.
The business joins occupiers including the BBC, The Fragrance Shop, Indesit and The Brew Tea Company at Premier Park, which forms part of the wider Trafford Park. The letting leaves four available units ranging from 4,750 sq ft to 15,000 sq ft in the 200,000 sq ft industrial scheme.
JLL and B8 Real Estate are joint agents.
Richard Johnson, industrial director at JLL in Manchester, said: “With more than 1,400 businesses, Trafford Park is a one of the North West’s key hubs for the industrial and logistics sector.
“There is a shortage of supply of Grade A industrial/warehouse space on Trafford Park with Premier Park being the only multi-let scheme to offer 24/7 on site security. Its strong transport links, high quality accommodation and gatehouse security have made the scheme popular with occupiers. Lip Hing Metal Manufacturing needed a modern corporate looking building due to its expanding business and Premier Park was ideally suited to it. We were able to agree the lease within a matter of weeks in order to accommodate its urgent requirement.”