Bericote plans £150m spec shed scheme - Bericote Properties

Bericote plans £150m spec shed scheme

The huge industrial and distribution warehouse development, which will be located off junction 23 of the M6 at Haydock, will cover 1.4m sq ft in total.

 

Alongside the sheds, the scheme will include office space, car parking and a new highway providing access to the adjacent Haydock industrial estate.

 

Bericote said the scheme would be well placed to take advantage of the Liverpool Superport initiative, under which the Liverpool City Region, Peel Ports and others are investing £1bn in freight and logistics around the Port of Liverpool.

 

“Bericote is proud to be bringing forward plans for this significant employment development in Haydock, creating a lasting legacy of jobs and investment for St Helens,” added Keith Wilson, development director for Bericote’s Manchester office.

 

A public exhibition of the plans is being held on 26 May, after which a lanning application will be finalised and submitted to St Helens council before the end of June.

 

Start construction early next year

 

Bericote said it hoped to start construction on the Haydock scheme in early 2017.

 

The developer has been active recently in the speculative market. It has planning consent for a 150,000 sq ft, multi-unit scheme worth £25m at Chandlers Ford in Southampton, and recently signed up FedEx as its first tenant.

 

Meanwhile, DHL has pre-let the whole of Bericote’s 102,750 sq ft Chrome 102 distribution unit in Minworth, Birmingham, which is being funded by Rockspring.

 

According to research from Savills, industrial take-up in the North West reached 4.56m sq ft in 2015 – a new record and a significant increase on the 3.44m sq ft long-term average.

 

Across the region, 2.2m sq ft of new industrial space is set to be delivered across 11 schemes in 2016.

 

 

For the article in Place North West Click Here

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