SAINSBURYS SIGNS PRE-RENTAL AGREEMENT AT GUINNESS POINT IN TRAFFORD PARK

The new 68,374 square foot distribution facility is expected to be substantially complete this month
July 2022 – Harbert Management Corporation (Europe) LLC announced that it had secured a pre-lease at Guinness Point, a brand new 68,374 square foot industrial unit in Trafford Park. The new distribution facility will be substantially complete this month.
Sainsburys Supermarkets Ltd has signed a 15-year lease on the facility which will provide the retailer with a premium, high quality new build development in the heart of the North West’s leading industrial/logistics location.
After identifying a lack of supply in Trafford Park and the Greater Manchester area, Harbert Management Corporation pledged to speculatively develop the unit with strong professional demand received immediately.
Steve Capper, director of CBRE’s industrial and logistics team, comments;
“Given the lack of development within Trafford Park, coupled with the unit’s prime location and specification, it is no surprise that an excellent company such as Sainsburys was committed to the property. “
Additional Comments by Howard Hill of Harbert Management Corporation (Europe) LLC;
“We are delighted to welcome Sainsburys Supermarkets Ltd to the Trafford Park portfolio. It has been a pleasure to partner with Sainsburys on the program and we hope to see them operating from the unit very soon. We have seen record levels of take-up and rental growth across Trafford Park and occupancy levels remain at an all-time high.
CBRE and B8RE acted for Harbert Management Corporation (Europe) LLC and Avison Young acted for Sainsburys Supermarkets Ltd.

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