Gazeley has stepped into partner Ashfield Land in the development of the 7.4 million sq ft Rail Central rail freight interchange near Northampton.
Rail Central is a proposal in the pre-application stage for a site where the West Coast Main Line and Northampton Loop Line intersect, adjacent to the A43 and within two miles of the M1 (at Junction 15A).
The project includes two intermodal terminals serving both traditional container freight as well as the fast-growing ‘express freight’ market through its unique location and access to two railway lines.
Ashfield Land has been actively promoting the opportunity for Rail Central since 2015. It was always envisaged that a delivery partner would come on board to take the scheme into construction and operation, subject to planning consent.
Gazeley, the European division of global logistics company GLP, is a major investor and developer of logistics warehouses and distribution parks and the company behind some of the most successful schemes in the UK and across Europe. Gazeley was acquired by GLP in late 2017.
Ashfield Land and Gazeley will now be taking the proposals for Rail Central forward together. An application is anticipated to be submitted to the Planning Inspectorate (PINs) in mid 2018 following a Phase Two statutory consultation.
The consultation is scheduled to run during March and April 2018 building on an initial Phase One consultation carried out in 2016.
Alex Verbeek, Managing Director UK at Gazeley, said: “The potential for Rail Central is evident and we are joining with Ashfield Land to put forward our proposal to develop and operate what will be a truly outstanding scheme. We have a wealth of experience delivering projects of this scale, both within Gazeley and as part of global provider GLP, and we look forward to bringing this to bear on this opportunity. This is quite simply one of the most investable and important SRFI sites in the UK today and we are delighted to be part of it.”