A major new logistics park on the outskirts of Manchester has secured £180 million in forward funding from a consortium of institutional investors, underscoring the continued appetite for industrial and distribution assets in the UK's northern cities.
The 450,000 sq ft development at Trafford Park, being delivered by Prologis, will comprise six units ranging from 30,000 to 120,000 sq ft, designed to meet growing demand for last-mile distribution facilities. Pre-letting activity has been strong, with three of the six units already committed to occupiers including a major grocery retailer.
Manchester's industrial market has been one of the standout performers in UK commercial property over the past three years. Take-up reached 4.2 million sq ft in 2025, well above the ten-year average, driven by e-commerce fulfilment and third-party logistics operators expanding their northern networks.
Industrial yields in Greater Manchester have compressed to 4.8 per cent for prime stock, down from 5.5 per cent two years ago. Analysts at JLL expect further compression as investor demand continues to outstrip available product.
