Large warehouse off the A500 bought
warehouse panna

Feed, fuel and food distributor NWF Group plc has snapped up a new warehouse which has been built off the A500.

The Nantwich business, which is headquartered in Wardle, has secured a 12-year lease on the 240,000 square-foot building on Crewe Commercial Park.

Ambient grocery distribution and storage specialists Boughey Distribution Ltd – a wholly-owned subsidiary of NWF Group – will operate the ‘Crewe 240’ building which will act as a consolidation hub for a major new customer contract.

Existing warehousing operations at NWF’s Wardle site will continue as normal.

Rob Andrew, company secretary at NWF Group, said: “NWF are delighted to have worked with Panattoni to negotiate the letting of Crewe 240.

“The high bay, high specification unit provides a strategically located distribution facility for the expansion of the Boughey business, with the proximity to the M6 and our existing main warehousing hub at Wardle being a key driver to our decision-making process.”

In addition to Crewe 240, logistics buildings developer Panattoni recently submitted plans to build a new, 305,000 square-foot warehouse – completed with integrated three-storey offices and a security gatehouse – on the same 14-acre plot.

The developer predicts that ‘Crewe 305’ will add £3 million to the local economy per year and bring over 300 full-time jobs.

Dan Burn, development director at Panattoni, said: “We are delighted to have secured a letting to NWF Group plc, so soon after practical completion. This is a significant deal for the North West market and underpins the resilience in demand for well-located, speculatively built warehousing.”

Legat Owen acted as joint agents on the scheme with CBRE and Burbage Realty. Avison Young acted for NWF Group.

LinkedIn
Twitter
Facebook
Pinterest
WhatsApp
Email
Latest Issue
Issue 324 : Jan 2025