Lothbury Property Trust, on behalf of Lothbury Investment Management, has
completed the letting of Unit 1 at Premier Park, Manchester, achieving full
Built in 2008, Premier Park is a fully enclosed estate within Trafford Park,
comprising 200,000 sq ft across 21 high specification units on an 11 acre site. It is
Trafford Park’s most modern multi-let estate.
The estate is centrally located, with close proximity to Media City and Old Trafford
and easy access to Manchester city centre as well as junctions 9 and 10 of the M60.
Other tenants on Premier Park include the BBC, Whirlpool UK Appliances, TFS
Buying and Iceland Foods.
The final unit to be let, Unit 1, comprises 7,663 sq ft GEA and has achieved a new
headline rent of £8.87 per sq ft for Premier Park.
Alastair Dewar at Lothbury Investment Management said: “This letting confirms the
popularity of good quality units in this Grade A industrial location while bringing the
estate back to full occupancy. Demand for high specification industrial space across
the north west has remained strong during the pandemic as occupiers have
continued to seek high quality space.”
John Whitehurst of JLL, added: “This deal underlines the strength of occupier
demand for Grade A multi-let accommodation. The property attracted significant
interest, this coupled with the current market dynamics allowed us to achieve a new
headline rent for Premier Park and Trafford Park.”
JLL and B8RE acted on behalf of Lothbury Investment Management.
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Lothbury Investment Management Limited is the manager of the Lothbury Property Trust ("LPT") and the Lothbury Global Feeder LP ("LGF") (together, the “Funds”). LPT is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. LGF was established as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 through the filing of a declaration of limited partnership. The Funds are alternative investment funds (“AIFs”) for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”). LIM has been appointed and acts as alternative investment fund manager (“AIFM”) in respect of the AIFs. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority for the purposes of managing unauthorised AIFs (and for various other activities). The Funds are also unregulated collective investment schemes for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).
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