Harbert European Real Estate Fund III has completed construction of the latest 212,000 sq ft phase of speculative development at the 200 acre Heywood Distribution Park, taking the warehouse and distribution space at the leading logistics hub to over 2 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 and were completed on time and on budget. Both buildings provide a BREEAM Very Good rating and an EPC A rating, with offices finished to a category A standard.
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 Crème, DPD and Argos.
Harbert is also actively 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 and will, like the buildings at Heywood, provide state-of-the-art facilities for major companies looking to relocate or move into the North West region.
Also in Trafford Park, Harbert has recently completed two warehouse / manufacturing units at North Point on Mosley Road. A 36,300 sq ft building has been pre-let to HSS Hire and the second building of 61,640 sq ft is now available. The development is situated at the centre of Trafford Park close to the junction of Mosley Road and Valley Way and is being marketed by B8 Real Estate and Knight Frank.
In addition Trafford Court, a refurbished office building of 10,700 sq ft adjacent to the new units at Trafford Point, has been leased to TIP Trailer Services on a 10 year term.
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.”
