Sainsbury’s signs 70,000 sq ft Trafford Park pre-let
The supermarket giant has signed a 15-year lease on a distribution facility known as Guinness Point, which is being developed by Harbert Management Corporation.
Sainsbury’s will occupy the 68,400 sq ft Trafford Park unit, which is currently being built by Caddick Construction and is due to complete later this month.
Harbert Management Corporation decided speculatively develop the unit having identified a lack of supply of industrial accommodation within Trafford Park and the wider Greater Manchester region.
“We have seen record levels of take-up and rental growth across the Trafford Park holding and occupancy levels remain at an all-time high,” said Howard Hill, vice president of asset management at Harbert Management Corporation.
“We are excited to welcome Sainsbury’s Supermarkets to the Trafford Park portfolio,” he added. “It has been a pleasure to work in partnership with Sainsbury’s on the scheme and we look forward to seeing them operating from the unit very soon.”
CBRE and B8RE acted for Harbert Management Corporation and Avison Young acted for Sainsbury’s.
Steve Capper, director in CBRE’s industrial and logistics team, said: “Given the lack of development within Trafford Park, coupled with the prominent location and specification of the unit, it is no surprise that an excellent company such as Sainsbury’s has committed to the property.”