Wain Estates puts Carrington Gateway up for sale
JLL has been instructed to sell the 211,000 sq ft industrial development, part of the 1,665-acre Carrington Estate.
Wain Estates, previously known as HIMOR, completed Carrington Gateway in 2020 and is now looking to offload the development and is seeking offers of around £33m, it is understood.
Wain Estates’ property director Paul Wrigglesworth said: “The sale is a strategic move for Wain Estates and will support our ambitious plans for phase two of Carrington Estate which will see more environmental improvements and development as we continue to unlock the huge potential of this important site.”
“This is an opportunity for someone to invest early into this large scale, long-term regeneration project.”
The 16-acre scheme, designed by Aew Architects and built by Eric Wright, comprises six units ranging from 11,000 sq ft to 104,000 sq ft.
The complex’s anchor tenant is Hilti, which occupies the 104,000 sq ft unit.
Other occupiers at Carrington Gateway include Charles and Ivy, Alcohol Solutions and Protective Packaging.
The industrial estate is the first commercial phase of the Carrington Estate, one of the largest regeneration projects in the UK.
The masterplan for the Carrington Estate, much of which is land that previously housed the Shell petrochemical works, features plans for 5m sq ft of commercial space and 5,000 homes.
The first phase received detailed planning permission in 2018 to deliver up to 1 million sq ft of commercial space, alongside 595 residential units and work on new homes is already underway.
Subject to planning approval, the development will be complemented by the Carrington Relief Road, which will run through the site.
Trafford Council has recently undertaken a public consultation and identified a preferred route for the road and is targeting Autumn 2027 for its opening.