Ashburton Point Leads Trafford Park's Speculative Industrial Market April 4, 2005 Ashburton Point, one of the largest single speculative industrial schemes in the North West, has secured its first two deals with a further five in solicitor’s hands. United Utilities Networks Ltd has agreed a 10 year lease for Unit D – a 1,029.7 sq m (11,084 sq ft) self contained unit with private yard area – at £5.50 per sq ft. AK Plant Hire who are set to occupy Unit H1 – a 651.4 sq m (7,012 sq ft) unit – has also agreed a ten year lease at £6.25 per sq ft. Strategically situated in the heart of Trafford Park, Ashburton Point comprises 19 high quality, brand new, self contained units ranging from 5,000 sq ft to 37,480 sq ft. Phase two of the scheme, which was recently acquired from CDP in a deal worth in excess of £6.5 million, is also now available for immediate occupation. Rick Davies of joint letting agents Davies Harrison states: “We are delighted to have secured such a strong covenant as our first tenant at Ashburton Point and were able to complete the deal with AKA Plant Hire in only two weeks, highlighting our ability to accommodate new occupiers very quickly. We expect to complete on the other five units in the next few weeks which is extremely encouraging and are confident that more deals will soon follow.” Rick continues: “Ashburton Point’s success is due to its high quality units and substantial yard areas offering a wide variety of uses which will appeal to a wide range of occupiers from small starter/trade counter units up to the major industrial occupiers and proves that there is still a strong market for speculative schemes.” Paul Wylie of Arlington, acting on behalf of investment clients who own Ashburton Point, adds: “We are very pleased to have so many of the units under offer already which I believe further strengthens Trafford Park’s reputation as Manchester’s premier industrial location.” Joint letting agents Davies Harrison and Savills acted on behalf of Arlington. United Utilities Networks Ltd represented themselves. Back