Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.



Wednesday, January 11, 2024

CB Richard Ellis - Latest deals in Manchester

CB Richard Ellis, acting on behalf of CBRE Investors, has announced the letting of 526sq m (5,659sq ft) of industrial space at Piccadilly Trading Estate, Ancoats in Manchester, to Thomas Kneale Ltd.

The industrial space has been let to the pension fund provider at a rental of 48 per sq m (4.50 per sq ft) on a 10-year lease with a break option at 5 years. The end terrace industrial unit was let as a shell to ESN with a six month rent free period.

CB Richard Ellis was retained as sole agent on the site by CBRE Investors with Simon Salisbury acting on behalf of Thomas Kneale & Co.

CB Richard Ellis, acting on behalf of Menzies Distribution, has announced the successful negotiation of 1,971sq m (21,226sq ft) of industrial space with The Prudential at Guinness Road Trading Estate, Trafford Park, in Manchester in order to let to Jex Engineering.

The existing leasehold contract, which had approximately 8 years remaining, was surrendered by Menzies Distribution Ltd on the basis that a new lease was agreed with Jex Engineering.

The northern based engineering company, specialising in food, chemical and pharmaceutical industries occupy the industrial space at a rental of 45 per sq m (4.15 per sq ft) on a 15-year lease with a break option in years 5 and 10.

CB Richard Ellis was retained as sole agent on the site by Menzies Distribution.