There will be speculative warehouse development in the North West this year.
Matthew Fitton, head of Peel Logistics, is predicting the return of speculative development after a seven year wait.
Fitton said: ‘With the supply of existing warehousing and distribution units pretty much exhausted across all size ranges in the North West we are seeing a return to a design and build led market with the possibility this year of seeing development undertaken speculatively for the first time since 2007.
E-commerce enquiries are said to driving demand in the region.
“We are pursuing numerous large scale enquiries of which several are internet-related distribution requirements. Existing requirements in this sector contribute to 40% of the market in the design and build sector in the region, we see this as an area of opportunity to Peel Logistics and anticipate further growth over the coming years,” he said.
Peel Logistics sites have been associated with a requirement from Ocado, the online grocery.
Peel Logistics brings together The Peel Group and Harworth Estates to market 66 sites across almost 6,000 acres of land throughout the UK.
