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Breaking: More spec warehouse space in North West

Breaking: More spec warehouse space in North West

More speculative warehouse schemes are expected to be launched in the North West, according to local sources.

Developers at Omega Warrington have denied rumours that they are in talks with funders interested in backing a 350,000 sq ft speculative scheme, whilst US-owned developer First Industrial is expected to launch a 350,000 sq ft scheme at rival Bolton site, Logistics North.

An Omega spokesperson said:  “Omega Warrington Ltd has a site capable of a 350,000 sq ft industrial unit but there are no plans to deliver this speculatively.“

A total of 16 speculative warehouse schemes are now underway in the North West totally 3.2m sq ft.
The moves follow the announcement in September that Prudential subsidiary M&G Real Estate will fund the construction of 400,000 sq ft of distribution space at Harworth Estates’ Logistics North scheme.

The two prime logistics buildings, of some 225,031 sq ft and 175,087 sq ft will be built at the site next to junction four of the M61 and three miles from the M60 and M62. The scheme will be built by Harworth Estates, who have already started groundworks and intends to begin construction of the two facilities in early 2016.

B8 Real Estate acted for M&G Real Estate. JLL and DTZ represented Harworth.

SHD Logistics will update as more information emerges.

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