Lambert Smith Hampton Industrial & Logistics

News - 24/02/2020

Latest North West Shed Deal Completed

LSH continues its North West momentum with it's latest shed deal close

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Lambert Smith Hampton (LSH) has completed its latest industrial and logistics (I&L) letting, securing a new tenant at the 46,265 sq ft Unit 30a Northbank Industrial Estate, in Irlam, Manchester, at a headline rent of £6.50 per sq ft.

Following an extensive refurbishment programme by LSH’s Building Surveying team, the new tenant has taken a 10 year FRI lease direct with landlord, Patrizia.

The unit comprises a detached single storey unit of 41,090 sq ft with additional office space spanning two floors covering 5,175 sq ft. The site is a well-established and popular manufacturing and distribution location situated between Manchester and Warrington.

This deal follows a string of other I&L closes in Manchester in recent weeks including the Knutsford shed completion, since Guy Jackson took the reins moving from a highly successful spell in LSH’s South Coast team to spearhead its northern drive.

Colliers acted for the incoming tenant.

Guy Jackson, Director – Industrial, Lambert Smith Hampton, said

“We are delighted to secure a fantastic result for our client and release them from their existing lease. The new headline rent, demonstrates the strong demand for refurbished industrial stock within Manchester’s core locations. We expect the market to remain buoyant with unprecedented interest for this type of stock showing no signs of abating.”

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