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BA Pension Fund backs first of several North West speculative warehouses

BA Pension Fund backs first of several North West speculative warehouses

The first of what is expected to be a spate of North West speculative warehouse developments has been unveiled.

British Airways Pension Fund is putting up the money to fund a 183,000 sq ft warehouse at Chorley’s Revolution Park.

Evander Property, the London-based developer behind the scheme, says construction is due to commence in January 2015 and the unit will be available for occupation in autumn 2015.

Neighbouring occupiers include Parcelforce, Kimberly Clark, Wolseley and Multipart.

Revolution Park is located between Junction 8 of the M61 and Junction 28 of the M6, ideally situated for national and international logistics operations.

The unit will include 171,417 sq ft of warehousing space with 12,500 sq ft office space. It will be 12m to underside, have 31 dock levellers, two level access doors, along with 142 car and 47 trailer parking spaces.

Jeremy Greenland, managing director at Evander, said: "We feel the timing is right to develop out this final plot at Revolution Park and are ready to start on-site immediately after Christmas. This is a marker of our and BAPF’s continued confidence in the prime North West shed market. We look forward to attracting an occupier to the scheme very soon.”

Letting agents are DTRE, JLL, Moriarty and Co & Littler and Co.

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