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Stoford 1m sq ft logistics scheme unveiled

Stoford 1m sq ft logistics scheme unveiled
Angus Huntley (left) and Dan Gallagher, of Stoford Developments, launch the Icon industrial development in Manchester.

 A 1m sq ft Manchester Airport logistics scheme has been revealed.

The development, by a joint venture formed by Stoford Developments and TPG Real Estate, promises a £100m scheme including a warehouse of up to 750,000 sq ft on the 45-acre airport plot.

Units will start at 100,000 sq ft.

The Manchester development is the first by the Icon partnership which they hope to expand to sites throughout the UK, building new warehousing, as well as refurbishing existing buildings in prime logistics locations. TPG Real Estate has significant experience investing in logistics while Stoford has completed more than 12 million sq ft of industrial development in the UK.

Dan Gallagher, joint managing director of Stoford Developments, said: “This is a landmark development for the North West and also for Icon Industrial. It marks the exciting first development for the joint venture and also presents potential occupiers with an excellent opportunity to have a unit built to their specific requirements in a first-class location at the very heart of the Northern Powerhouse.”

The airport site provides excellent connectivity with junction 6 of the M56 immediately accessible, as well as Manchester Airport and the Greater Manchester region.

Planned on-site amenities include a petrol filling station, convenience store and drive-thru. Icon Industrial acquired the brownfield site from Airport City Manchester Joint Venture in July 2017.

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