US-based investor Harbert European Real Estate Fund III has completed construction of the latest 212,000 sq ft warehouse scheme at its 200 acre Heywood Distribution Park. The unit takes the total floorspace at the warehouse and distribution space at the logistics hub to over two million sq ft.
The two new buildings of 145,000 sq ft and 67,000 sq ft have been constructed by Russell Construction of Trafford Park.
Harbert says the buildings are the only newly constructed specialist distribution buildings available in the North West situated on a distribution park with 24 hour security and controlled access. Other occupiers on the park include Wincanton, Aldi, Eddie Stobart, DFS, Aramex, Krispy Kreme, DPD and Argos.
Harbert is also developing in Trafford Park having commenced construction of two warehouse/distribution buildings at the entrance to Trafford Park at Trafford Point on Ashburton Road West, on a prominent site bounded by both the Ship Canal to the north and The Bridgewater Canal to the west. The two units of 140,544 sq ft and 97,295 sq ft are scheduled for completion in August 2016.
In a separate move Canmoor’s contractor Construction Partnership UK has completed work on a 113,250 sq ft scheme at Mosley Road, Trafford Park.
The project includes two units, the larger of which is 63,520 sq ft.
Howard Hill, of CBRE in Manchester, who is the asset manager for the Harbert European Real Estate Fund III estates in the North West, said: “These developments represent a significant investment and a huge vote of confidence in the North West region and place Harbert as the leading industrial developer in the Manchester area. We have strong interest from a number of major occupiers in the units across the portfolio.”