Puma Property Finance has provided a £15 million loan to Kier Property to fund the development of a new industrial and logistics development south of Manchester at the Sharston Industrial Estate, Wythenshawe.
The funding will be used to develop Kier’s ‘Trade and Logistics City Sharston’ a 97,578 sq. ft. flexible unit industrial and logistics scheme of grade A warehouse and office space. 

The development is located within an established industrial location and was formally owned by a subsidiary of Siemens. Manchester Airport is a seven-minute drive via the M56. The four-acre site previously housed a 130,000 sq. ft. warehouse building and adjacent office block with car park.

The scheme’s sustainability credentials will target BREEAM Excellent and EPC A ratings. It will also offer private secured yards and parking; electric vehicle charging; solar PV panels, energy efficient lighting and 24-hour access. The development will also pursue certification through Puma’s Impact Lending Framework (ILF). Subject to final completion and the social criteria being achieved, Kier will be entitled to a fee reduction on the loan amount under the terms of the ILF. 

Kier Property, part of the FTSE 250-listed Kier Group plc, specialises in urban regeneration by investing in and developing mixed-use commercial and residential sites across the UK. 

The development is targeting completion in the spring of 2027. 

It is Puma’s second industrial scheme in partnership with Kier having previously provided a £21 million loan in May 2025 to fund the development of a new 125,647 sq. ft. industrial logistics unit in Milton Keynes known as ‘Logistics City MK’.

Leigh Thomas, Group Managing Director, Kier Property, commented: 

“Sharston is a strong South Manchester location and a great fit for our Trade & Logistics City platform. This new nine-unit, Grade A scheme has been designed to offer flexibility for occupiers, from smaller trade counter space through to a mid-box unit with its own yard and access. 

We’re pleased to be working with Puma Property Finance again on a facility that supports delivery of high-quality industrial space and targets strong sustainability outcomes, including BREEAM ‘Excellent’ and EPC A.”  

Kent Lawrence, Senior Manager, Puma Property Finance, added:

“We’re pleased to support Kier Property on a second facility following the successful delivery of their scheme in Milton Keynes. At Sharston, Kier is delivering a well-located, multi-let Grade A industrial and logistics development designed to meet a wide range of occupier requirements.

This partnership reflects our confidence in Kier’s track record and our continued focus on backing proven sponsors delivering best-in-class space.”