Following Manchester United's announcement of the location of their new 100,000 seater stadium and associated regeneration of Trafford Wharf, Bull & Bear discuss what this means for the traditional industrial estate.
Chronic shortages of industrial supply lead Bull to question why developers and investors are ignoring mid-box units and multi-let estates, since the property fundamentals still look very good.
Bear raises concerns over tenant affordability going forward and believes the perfect storm of cost increases could slow rental growth and create further issues for development viability.
The two agree that although the UK industrial sector has become increasingly nuanced at a submarket level, much like 2012, now is an excellent time to buy.