German firm Schmitz Cargobull is to occupy the 95,040 sq ft Block A building at the industrial estate in South Manchester.
The high bay industrial facility boasts a steel frame construction with eaves up to 22.75 metres tall. Block A has four loading doors and the ability to subdivide and reconfigure its layout as needed. It also offers car parking, 24/7 manned security and office space. Block A was refurbished by asset managers South Street Capital. Wainwright & Co managed the refurbishment project and lead on design.
Schmitz Cargobull has a 10-year lease on the space with a five-year break. The global semi-trailer manufacturer will begin production in the facility later this summer. Once production reaches capacity, Schmitz Cargobull estimates it will be producing 1,800 to 2,000 units a year.
Now that Block A has been let, South Street Capital plans to tackle refurbishing Block A3/4 next. That project will create up to 83,000 sq ft. It should be complete by the third quarter of this year.
Knight Frank and Williams Sillitoe represented South Street Capital on the deal.
Rob Tilley, partner and head of industrial at Knight Frank, said that Block A had attracted a lot of market attention after its makeover.
“Going forward we anticipate there to be similar demand when the remainder of the space comes to market later this year,” Tilley said. “There is a shortage of quality space in well-connected locations, especially so close to Manchester Airport, and with industrial / logistics buildings of this size scarce in established spaces like Southmoor Park.”
South Street Capital purchased Southmoor Park Industrial Estate in 2017 for just over £12m. The 333,000 sq ft estate offers both industrial facilities and office accommodation. It is located on Southmoor Road in Wythenshawe.