Trafford Park logistics unit sold

Acting on behalf of a private client, Edwards & Co has sold a 62,000 sq ft industrial unit in Trafford Park to Buccleuch Property for £2.5m, at a net initial yield of 8.75%.

The stand-alone unit is fully let to Kerry Logistics. Martin Hamer, investment director of Edwards & Co, said: “This building provides very efficient space, with exceptionally high eaves at 10m, in the very heart of Trafford Park – Kerry Logistics has occupied the building for over 25 years, which is a testament to the location. This sale demonstrates continued demand for well-located industrial assets in strong locations.”

Christopher Dee was the joint selling agent.  Deloitte acted on behalf of Buccleuch Property.

Your Comments

Read our comments policy here

Subscribe to our newsletter