ARGO Real Estate Acquires Harp Trading Estate in Manchester to Advance £500m Urban Logistics Strategy
ARGO Real Estate, in partnership with Blue Coast Capital, has acquired the Harp Trading Estate in Trafford Park, Manchester, as part of its £500 million brown-to-green urban logistics investment strategy. The multi-let industrial estate comprises 20 units ranging from 2,829 to 8,228 sq ft, totalling 78,131 sq ft of prime industrial space in one of the UK’s most established logistics locations.
This acquisition marks the second transaction under ARGO and Blue Coast Capital’s joint venture platform, which launched in March 2025 with the £40 million purchase of Tuscam Trading Estate in Camberley, Surrey. The platform targets well-located, multi-let industrial estates in economically resilient and densely populated UK towns and cities, with the aim of repositioning them into modern, sustainable logistics assets.
The brown-to-green strategy focuses on acquiring older industrial properties and upgrading them to meet contemporary environmental and operational standards. Rather than competing for newly built green assets, ARGO is creating long-term value through targeted enhancements that align with the growing demand for ESG-compliant real estate.
Crispin Gandy, CEO of ARGO Real Estate, commented: “As a co-investor into every one of our deals, our conviction in this brown-to-green strategy is further demonstrated through this transaction. The acquisition of Harp Trading Estate is exactly the kind of opportunity we and Blue Coast Capital are seeking as we continue to scale our urban logistics platform.”
ARGO was advised by Newmark, while CBRE and Knight Frank represented the vendor. The acquisition underscores continued investor appetite for well-located industrial assets with potential for sustainable repositioning in the UK’s key urban markets.
As demand for last-mile logistics and sustainable property solutions continues to rise, ARGO’s strategic approach positions the firm at the forefront of the sector’s transformation delivering high-performing assets that serve both occupier needs and environmental targets.
