New Distribution Warehouse completed for XPO Logistics
Brand new 250,000 sq ft facility situated at Central Park, on the Trafford Park industrial park in Manchester took nine months to develop and was completed on time on budget.
Alongside Legal & General Property’s Industrial Property Investment Fund (IPIF) we have announced today the completion and handover of a brand new 250,000 sq ft build to suit distribution warehouse at our 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.
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 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-built 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.