Spec development nears completion at Trafford Park

A 60,000 sq ft industrial warehouse called North Point in Mosley Road is due to be ready for occupation later this month.

Owned by affiliates of Harbert European Real Estate Fund III and managed by CBRE Asset Services, the unit will be the first speculative facility in this size range to be completed in Trafford Park since early 2008.

Made up of warehousing space and first-floor office accommodation, the development includes two dock levels and two drive-in loading doors, a 40m deep yard and parking for up to 59 cars.

The unit is located next to a 36,300 sq ft warehouse owned by the same landlords, which has been pre-let to tool hire company HSS.

HSS will be moving into the new design-and-build facility by the end of this year, relocating from Westinghouse Point, also at Trafford Park.

Howard Hill, associate director of CBRE Asset Services, said: “Trafford Park remains one of the prime industrial locations in Manchester. There is a shortage of supply of Grade A modern space at Trafford Park across all size ranges due to the lack of any speculative development over the last seven years. The imbalance between supply and demand will mean continued upward pressure on rents and reduced incentives.”

Knight Frank and Colliers are the joint agents for the site.