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Planning granted for £36m, 170,000 sq ft sustainable urban logistics development in Cheshire

Planning granted for £36m, 170,000 sq ft sustainable urban logistics development in Cheshire

Planning has been granted to speculatively build 170,000 sq ft of Grade A sustainable urban logistics space in Adlington, Cheshire potentially creating up to 250 jobs.

A joint venture (JV) between Chancerygate and specialist sustainable and impact investor, Bridges Fund Management will deliver the scheme, which has a projected gross development value of around £36m.

Called Avro Business Park, the scheme is located on a 7.8-acre site off London Road, south of Poynton town centre, and will adjoin Adlington Business Park and Adlington Industrial Estate. It will comprise 11 units ranging from 7,000 sq ft to 29,000 sq ft, available on a leasehold or freehold basis.

Construction is scheduled to commence in October, with practical completion expected October 2025.

Neighbouring occupiers to the development include confectionery manufacturer Swizzels, tray sealing and packaging line specialist Proseal, and transport company William Kirk.

All properties at the development will target an EPC rating of A+ and a BREEAM Excellent rating. They will feature electric vehicle charging points along with solar photovoltaic cells which provide occupiers with affordable green energy.

In addition, the units will be constructed from high-performance building materials to reduce CO2 emissions.

Chancerygate development director, Chris Brown, who is based in the company’s Warrington office, said: “Avro Business Park is in an excellent location, with fantastic connections to the airport and the M56 via the new Poynton Relief Road.

“The area is witnessing an increasing shift to ESG-led developments, from both the occupational and investor market.

“Our development will help satisfy this strong demand for sustainable, high specification urban logistics accommodation within the south Manchester and Cheshire markets.”

Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.

The company currently has around 1.16m sq ft of urban logistics space under construction or ready for development across ten sites ranging from Edinburgh to Croydon.

Bridges is a specialist sustainable and impact investor. Its property funds focus on sectors that are well-placed to benefit from the transition to a more sustainable and inclusive economy, including lower-cost living, healthcare and sustainable logistics.

Guy Bowden, partner at Bridges Fund Management, said: “We’re delighted that we can begin construction on this great site in Adlington. We plan to deliver Grade A logistics space with best-in-class sustainability credentials – meeting the strong local demand and supporting local job creation.” Agents for Avro Business Park are Savills and Williams Sillitoe

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BDC 317 : Jun 2024