The North West’s largest speculative warehouse development since the recession could be coming to Bolton’s Logistics North.
First Panattoni and Exeter Property Group are understood to be behind plans for a 375,000 sq ft speculative unit to be build next to Amazon’s warehouse at the Logistics North scheme, Bolton.
Savills and JLL are understood to be advising the developers.
The move comes as Harworth Group – who have pioneered development at Logistics north - announce that construction work the first phase of their multi-unit Multiply development has been completed.
The units, which are 63,070 sq ft, 55,660 sq ft and 44,771 sq ft in size, have been built as a response to the lack of high quality units available to businesses in the North West and are aimed at businesses seeking units adjacent to the motorway network for rapid access to the rest of the region. The Multiply scheme is delivered through a joint venture between Harworth and the Lancashire County Pension Fund
Harworth received outline planning consent for Logistics North, the largest live commercial development in the North West of England, at the end of December 2013. To date, over 1.5m sq ft of commercial space has been built with a further 1m sq ft under construction or committed to be constructed.
More than 1,500 people are employed on the site by occupiers including Aldi, Whistl, MBDA, Greene King, Costa and Komatsu. 2018 will see Amazon and Lidl open their respective units on-site, increasing employment numbers further. Once complete, Logistics North is expected to deliver around 5,000 jobs.