Union Square, Trafford Park

Property description

• As a result of the lack of brownfield development opportunities within Trafford Park, B8 Real Estate identified an obsolete production facility with a short lease expiry and advised CDP Limited on the acquisition and subsequent lease surrender.
• The site of approximately 9 acres was initially marketed for D&B opportunities but following the resurgence in the high bay warehouse market and shortage of suitable stock, we identified Union Square as a potential speculative funding opportunity.
• A funding deal was subsequently agreed with M&G Real Estate for a single high bay warehouse unit of 175,000 sq ft which will be the first single unit speculative development to take place in Trafford Park post-recession.
• B8 Real Estate has been retained as joint letting agents for M&G Real Estate on the letting.