Lothbury Investment Management, on behalf of Lothbury Property Trust, has signed four new tenants to its Premier Park holding in Manchester’s Trafford Park.
Premier Park was built in 2008 and is the most modern multi-let, fully contained estate within Trafford Park, comprising 20 high specification industrial units. The estate has been part of the Lothbury portfolio since mid-2014.
The new tenants are Iceland Foods, who have taken the lease on the 15,600 sq. ft. Unit 3; online fashion retailer Manière De Voir, who have signed for Unit 7 (11,150 sq. ft.); graphic design company Creation 360 who have moved to Unit 1 (7,600 sq. ft.), and independent cable fixings supplier, Cable Glands UK who have taken Unit 16, which comprises 4,700 sq. ft. in addition to the 4,318 sq. ft. Unit 17 which they have occupied since 2010.
Mike Toft, Senior Fund Manager and Executive Director at Lothbury Investment Management, said: “These recent new lettings confirm the popularity of good quality units in this prime industrial location, while the headline rents achieved are very encouraging.”
Each letting was agreed on a minimum five-year lease term with a new headline rent of £7.00 per sq. ft. Premier Park is now fully let following this series of deals.
B8 Real Estate and JLL acted for Lothbury Investment Management.
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