Stoford, the Birmingham logistics property business, has launched a £100m building programme as the UK warehouse sector’s appetite for floorspace continues to grow.
Stoford has extended their partnership with American-owned Liberty Property Trust to build another 1m sq ft of new warehousing.
The agreement covers eight industrial/warehouse buildings, across four sites in Birmingham, Manchester, Worcester and Widnes, to be developed during 2016/17.
The schemes will be between 40,000 sq ft to 200,000 sq ft. – the size range most in demand from occupiers.
The deal comes days after Stoford secured a a 645,000 sq ft deal with internet retailer Amazoln at Airport City, Manchester.
Dan Gallagher, joint managing director of Birmingham-based Stoford, said: “This is an extension of our existing partnership with Liberty, with whom we are already working at Liberty Park, Lichfield.”
Liberty Park, Lichfield is a £38 million development of 441,000 sq ft of industrial and warehouse units that will create hundreds of jobs in Staffordshire. Work on the infrastructure is making good progress.
Liberty Property Trust UK Ltd is a wholly-owned subsidiary of US-based Liberty Property Trust, a Real Estate Investment Trust, listed on the New York Stock Exchange. DTRE advised Liberty Property Trust.