Premier Park in Manchester reaches full occupancy
The multi-let estate within Trafford Park is now fully let
JLL has agreed the lease on the final available unit at Lothbury Investment Management’s Premier Park, a modern multi-let industrial estate located within Manchester’s Trafford Park.
The fully let industrial park comprises 200,000 sq ft across 21 high specification units on a 11-acre site. The estate built in 2008 remains Trafford Park’s most modern multi-let estate. The estate is centrally located being within close proximity to Media City and Old Trafford whilst benefiting from easy access to Manchester City Centre as well as junctions 9/10 of the M60 motorway. Occupiers on the estate include refrigeration wholesaler Dean & Wood, online retailer The Fragrance Shop and Lip Hing Metal.
The final unit to be let, Unit 1, comprises 7,663 sq ft GEA and has achieved a new headline rent of £8.87 per sq ft for Premier Park.
The latest research from JLL has indicated that demand for high specification industrial space across the North West remains unabated and that during the pandemic occupiers have continued to seek new space, particularly in the on-demand and e-commerce sectors.
Alastair Dewar at Lothbury Investment Management said: “This letting confirms the popularity of good quality units in this prime industrial location while bringing the estate back to full occupancy.”
John Whitehurst at JLL, added: “This deal underlines the strength of occupier demand for Grade A multi-let accommodation. The property attracted significant interest, this coupled with the current market dynamics allowed us to achieve a new headline rent for Premier Park and Trafford Park."
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.