Just a quick update here from my local newspaper The Manchester Evening News. United seem to be spending vast sums of cash yet again. Well I say spending cash but this is an investment which I am sure shall turn a profit. The area around Old Trafford recived a cash injection after Gary Nevilles Testamonial as he pledged money to build a Fan Centre next to the United ground.
This time it seems United have spent Eight million pounds on land opposite the stadium. I have no Idea what it will be used for yet so I'll get back to you on this one...
The deal includes a one acre parcel of land opposite the stadium; 3 Warfside, a 177,000 sq ft shed leased to logistics company AKW Group; and Canalside, an industrial estate comprising seven units totalling 58,700 sq ft.
Trafford Park became part of Segro’s UK portfolio following its acquisition of Brixton in 2009. It includes 17 assets, covering 1.9 million sq ft of industrial space.
David Bridges, national markets business director at Segro, said: “The sale has been beneficial to both parties – for Segro the disposal of these relatively small individual units allows us to concentrate on retained assets at Trafford Park, whilst giving Manchester United greater access to more property and land around its stadium.”
CBRE advised Segro and DTZ advised Manchester United.
This time it seems United have spent Eight million pounds on land opposite the stadium. I have no Idea what it will be used for yet so I'll get back to you on this one...
The deal includes a one acre parcel of land opposite the stadium; 3 Warfside, a 177,000 sq ft shed leased to logistics company AKW Group; and Canalside, an industrial estate comprising seven units totalling 58,700 sq ft.Trafford Park became part of Segro’s UK portfolio following its acquisition of Brixton in 2009. It includes 17 assets, covering 1.9 million sq ft of industrial space.
David Bridges, national markets business director at Segro, said: “The sale has been beneficial to both parties – for Segro the disposal of these relatively small individual units allows us to concentrate on retained assets at Trafford Park, whilst giving Manchester United greater access to more property and land around its stadium.”
CBRE advised Segro and DTZ advised Manchester United.
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