Investors have prefunded Bericote’s 361,000sq ft Merseyside warehouse for a “world leading retailer” thought to be Amazon.
Big Box REIT plc has agreed to forward funded development of a new logistics sortation centre at Haydock, St Helens, in a £68.7million deal. The first rent review will be in 2024.
The development is being undertaken by Bericote.
The development will comprise a facility with docking to three sides, 360-degree circulation, an eaves height of 12 metres and service yards on three sides with 67 metre depths which is wider than the standard institutional specification to improve operational efficiency and HGV circulation.
Although unnamed, Amazon has recently been acquiring units of around 360,000 sq ft.
The site is located in an established logistics area and adjoining the Haydock Industrial Estate, with excellent road connectivity directly onto the A580 which provides an East-West link between Manchester and Liverpool and J23 of the M6 motorway.