Sunday, December 5, 2021
Real EstateUK

Plans approved for industrial site in Warrington

Warrington

Tungsten Properties purchased the site in the industrial area in the second quarter of 2020

Plans have been approved for a 244,000sq ft speculative industrial unit to be built at the former Travis Perkins site in Warrington.

Industrial developer Tungsten Properties has received approval for its ‘Super W’ site at the Appleton Thorn Trading Estate in Cheshire, with 200 jobs set to be created by the move.

Tungsten Properties purchased the 11.03-acre site in the established industrial area in the second quarter of 2020.

It then submitted an application to Warrington Borough Council to demolish the existing buildings to construct a single 244,000 sq ft unit to include integrated office space, parking, gatehouse and warehouse operations office, landscaping and associated works.

Ian Dunckley, development director at 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, he said.

The move came after builders’ merchant Travis Perkins shut its distribution site at Appleton Thorn in 2020.

Nathan Khanverdi, surveyor at Colliers International added: 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.

He said, 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.

Important:

The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply

fourteen − ten =