North west big spec shed secures planning
Mid-box industrial and warehouse developer Tungsten Properties has received planning approval for ‘Super W’, a big box speculative industrial unit at the former Travis Perkins’ facility at Appleton Thorn Trading Estate in Warrington, Cheshire.
The 244,000 sq ft building has been funded by British Airways Pension Trustees. It is being built on a 11.03-acre site that the developer acquired last year.
Ian Dunckley, development director, Tungsten Properties said: “Super W is our first development and investment into the north west and part of our UK-wide 2.37 million sq ft committed development pipeline to provide industrial and warehouse space to help create jobs and support the future economy.
“The market demand for such commercial warehouses in this area is high, hence why demolition started in November with construction commencing in March and delivery due in Q3 2021.”
Nathan Khanverdi, surveyor, Colliers International said: “Like many regions across the UK, in the last 12 months, the north west has experienced accelerated demand for large distribution space with take-up reaching 4.9 million sq ft, 90% ahead of the previous year. This is due to occupiers scrambling to secure distribution space in a supply-starved market. As a result, there is an urgent requirement for speculative development in the region and so we expect to see strong interest from the occupier market for this prime space.”
The letting agents are Colliers International and Moriarty & Co. Pegasus Group is the planning consultancy.