First Panattoni, the U.S. backed developer, has broken ground on a 240,000 sq ft speculative Crewe warehouse scheme.
The building, which is due for completion at the end of the year, is being built to BREEAM “Very Good” and EPC “A” standards and is ideally situated close to Junction 16 of the M6 motorway and the Bentley Motors manufacturing plant.
The location is also set to benefit from the recently announced upgrade of the A500, which is due to be widened in preparation for Crewe’s proposed HS2 hub station.
The M6 corridor shed is part of commitment to undertake over 3 million sq. ft of speculative development in 2018.
The commencement of work on site follows the launch last month of the company’s Northern office, as the industrial developer drives forward plans to develop up to 1,000,000 sq. ft of speculative logistics warehousing across the Northern markets and along the M6, M62 and M1 corridors.
Dan Burn, Development Director at First Panattoni, said: “Crewe is our first development in the North West market since the merger with First Industrial. It’s the only building of its size available along the vital M6 motorway network and confirms our commitment to speculatively develop major logistics warehousing across the North West and Yorkshire.
“With the increased growth of e-commerce and the rising demand for large units of this scale, Crewe 240 offers a unique opportunity for warehouse and logistics operators.”