Evander Properties, the specialist developer and asset manager of logistics and industrial property, and Legal & General Property’s Industrial Property Investment Fund (IPIF) have announced the completion and handover of a brand new 250,000 sq ft build to suit distribution warehouse at its 10 acre Grand Central, Trafford Park development in Manchester.
The entire warehouse has been pre-let to leading third party logistics provider (3PL) XPO Logistics.
The warehouse, which took nine months to build features 237,000 sq ft of warehouse space, together with 13,000 sq ft of office space arranged over two storeys and achieves the BREEAM Very Good certification.
Speaking about the project, Evander Managing Director Jeremy Greenland, said: “The on time completion and handover of this impressive new development is great news for Trafford Park. It’s a good example of successful regeneration of edge of urban tertiary stock, and continued occupational demand driven by internet retailers.”
Also commenting, Tim Packer, Assistant Fund Manager of IPIF at LGP said: “In line with our focus of delivering strong quality income, rental growth, and opportunities to add value to our existing assets, this development at Trafford Park demonstrates our ability to assemble, plan and procure prime development opportunities from our existing portfolio.
We look forward to welcoming XPO Logistics long term to Central Park and would like to commend Evander and the delivery team on the handover of a first class facility”.
Trafford Park, when originally developed in the 1930’s was the world’s first purpose-build industrial estate and is Manchester’s Premier Logistics Location. Ideally located just a couple of miles of from junctions 9, 7 of the M60 and junction 2 from the M602 the development is home to a number of leading occupiers including DHL, Adidas, Screwfix, TNT, SiG, Kellogg’s and Associated British foods.
JLL, GVA and Savills acted for IPIF/Evander. Louch Shacklock acted for XPO.