Trammell Crow Company Acquires 28-acre Site Near Manchester from Telereal Trillium
May 18, 2022
The site, on Manchester Road, Heywood, offers development opportunity for c. 475,000 sq ft of Grade A logistics space, featuring excellent transport links at an already well-established industrial area. Just five minutes from Heywood Distribution Park, the site is located within one mile of junction 19 of the M62, four miles of three major motorways (the M60, M62 and M66), and an hour’s drive of the port of Liverpool, Manchester Airport, Liverpool John Lennon Airport, and Leeds Bradford Airport.
Mike Forster, Head of UK Logistics at Trammell Crow Company, said: “Located in a prime logistics market and with outstanding transport links, our latest UK acquisition has significant potential. As with our other sites in the UK, on which we have secured planning consent due to a collaborative approach with local authorities and communities, we plan to develop a logistics asset that is environmentally sustainable and socially beneficial. This site will create new jobs for local people, both in its development and when it’s operational, replacing an old and no longer fit-for-purpose space with one that is well designed, environmentally friendly, and makes a positive impact in Heywood and the surrounding area.”
Jonny Pitts, Director – Planning & Disposals at Telereal Trillium, said: “Since the previous tenant served notice, our team has worked to establish the site’s existing lawful use, procure a detailed technical pack and present a highly attractive opportunity to the market. Following significant buyer interest, we are excited to have selected Trammell Crow Company to take the site forward using its extensive experience and knowledge of the sector.”
The Heywood site is TCC’s third in the UK. Since its first UK acquisition in August 2021 of a former Arcadia distribution centre in Milton Keynes, it has since acquired a site in Sheffield and secured planning permission to deliver Grade A logistics assets on both. TCC has also recently acquired its first site in Germany and entered into an exclusivity agreement on a second.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.