Peel has launched a new 1.8m sq ft M6 logistics scheme as the first fruit of its new partnership with Evander and Macquarie.
Peel Logistics Property has recently been established as a joint venture between the Peel Group, Australian firm Macquarie Capital, and Evander Properties. It replaces an ambitious pairing with Northern warehouse developing rival Harworth, inaugurated in 2014 but ended by late 2016.
The new team’s first scheme will be a 1.8m sq ft development at Haydock, and will deliver a portfolio of logistics developments including sites at Port Salford and Liverpool International Business Park.
Plans for the 1.8m sq ft M6 corridor logistics scheme at Haydock have been submitted to St Helens council as Peel Logistics launch a new development partnership.
Peel proposes three large units on the Haydock Point scheme, including one unit of 1m sq ft.
The 101-acre site is close to junction 23 of the M6 motorway and will help meet overspill demand from the nearby Omega Warrington scheme and Harworth’s Logistics North at Bolton.
Documents submitted with the application say it is in part a response to growing demand likely to be stimulated by the Liverpool2 deep water berths.
Peel says that the Liverpool City Region will need 1,700 acres of development land for logistics uses.
A report to planners says CBRE calculate that, at January 2017, the North West had sufficient Grade A logistics floorspace to last just nine months. There are no Grade A buildings of 400,000 sq ft currently available in the North West, they say.
Planners are expected to make a decision by the summer.