Verdion announces a major £300 million speculative development programme that will deliver all remaining warehouse capacity at iPort, the 6 million sq ft multimodal logistics hub just outside Doncaster. Totalling 1.75 million sq ft, this final stage of development at iPort will offer five buildings from 82,000 sq ft upwards,
Talent shortages and growth ambitions are forcing some of the UK’s most promising science and technology businesses to re-evaluate their building strategies according to a new research report. As a result over half are planning to relocate over the next three years and over one in six (16%) are planning
Plans for the major redevelopment of a former Ministry of Defence (MoD) site in Hounslow West have been given the green light. A resolution to grant planning permission has been received for a mixed-use development at Cavalry Barracks to build a vibrant community that includes 1,525 new homes, as well
Commercial real estate investor and developer, Firethorn Trust, has been given planning consent to deliver 660,000 sq ft of logistics warehousing in North Yorkshire. Sitting adjacent to the Sherburn Enterprise Park in Leeds, Firethorn’s 37-acre scheme will comprise four highly specified Grade-A units, delivered to net-zero carbon in construction. With
New speculative logistics/industrial development will see the construction of a 367,152 sq ft Grade A logistics facility at TCC’s Shepcote Lane Site in Sheffield. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has announced that it has been awarded its second project in
Panattoni, the largest logistics real estate developer in the UK and Europe, has started construction of it’s 710,000 sq ft speculative logistics development in Rotherham. Panattoni Park Rotherham comprises of two facilities adjacent to junction 1 of the M18 at Rotherham, one of 630,000 sq ft, which will be one
Hortons’ Estate Ltd has delivered the new UK headquarters of international hydraulic and pneumatic specialist Brennan Industries Inc. – one of two new developments at an established industrial park in the West Midlands. The independent property company has completed construction of 35,000 sq ft of new industrial/logistics accommodation at Anchor
Following a recent flurry of acquisitions within the UK, Prologis, a leading owner and developer of logistics real estate, has announced three strategic developments across the Midlands and the South East. The projects at Prologis Park Midpoint, located in Birmingham, Prologis Park West London and Prologis Park Brooklands in Weybridge
Over the past 15 years, Prologis UK has achieved a reduction in carbon emissions of 476,819 tonnes (tCO2e) across a total of 74 projects. This represents an average reduction in whole-life carbon emissions of 25 percent, benefiting many Prologis UK customers seeking to reduce their emissions impacts The company has
A funding deal has completed between Caddick Group, Goldman Sachs Asset Management and Canmoor, which will see work commence on a new employment hub in Leyland, Preston. Following planning approval earlier in the year, construction is underway targeting delivery of the 544,000 sq. ft. warehouse in July 2023. The scheme
Verdion announces a major £300 million speculative development programme that will deliver all remaining warehouse capacity at iPort, the 6 million sq ft multimodal logistics hub just outside Doncaster. Totalling 1.75 million sq ft, this final stage of development at iPort will offer five buildings from 82,000 sq ft upwards, with delivery from June 2023. The largest of the five buildings will extend to 848,250 sq ft and complete in June 2024 – one of the largest speculative logistics units ever developed in the UK offering a significant proposition for businesses looking for a new national hub. All buildings will be built to very high standards of construction and certified to a minimum of BREEAM Very Good. John Clements, Executive Director of Verdion, said: “This is a major investment that underlines our unwavering confidence in both iPort and the UK market. Demand for high quality, efficient space in strategic locations remains extremely strong and this programme addresses the current scarcity in Yorkshire market and further afield head on. “Speed of delivery is important and we have a fantastic on-site construction team, planning permission is in place and contractors’ agreements are signed.” The decision follows recent lettings at iPort as well as the completion of the final building in its previous speculative phase, iP10, which is located adjacent to the on-site rail terminal. Woodland Group, Euro Pool Systems and Maritime Transport have all signed leases for new space at iPort this year. iPort is one of the UK’s most significant multimodal logistics hubs, and the largest in the north of England, with capacity for a total of 6 million sq ft of 24/7 of logistics and light industrial accommodation close to Junction 3 of the M18 and the East Coast Main Line. Occupiers include Amazon, CEVA, Fellowes, Lidl, Dusk, Kingsbury Press, Woodland Group, Maritime Group and Euro Pool Systems. In addition to large areas of landscaping and wetland, iPort benefits from an award-winning multimodal on-site rail freight terminal, iPort Rail, which is increasingly being used by companies based on-site and across the region looking to cut carbon across their supply chains, with rail connections to major UK sea ports. Gent Visick, Colliers and CBRE are the retained leasing agents for iPort. Verdion’s longstanding partner in the development of iPort is the Healthcare of Ontario Pension Plan (HOOPP). www.iportuk.com www.iportrail.com
Talent shortages and growth ambitions are forcing some of the UK’s most promising science and technology businesses to re-evaluate their building strategies according to a new research report. As a result over half are planning to relocate over the next three years and over one in six (16%) are planning to move overseas. The report, Building a Future for Science and Technology, by Ridge and Partners, the multi-discipline property and construction consultancy, suggests a UK science and technology sector with big expansion plans. The 103 science and tech companies interviewed expect to grow by an average 52% over the next three years. However, they are being inhibited by premises and location concerns which have ramifications for the local authorities, developers, city planners, and science parks looking to attract them. These issues and shortcomings are impacting on the sectors’ ability to recruit and therefore grow. For instance, over a third are struggling to fill crucial support roles such as lab technicians and admin staff – personnel who are massively affected by public transport and local housing costs. Meanwhile, almost half (48%) are having difficulty filling more senior roles. These issues have become so pronounced that almost a third (31%) report they need to be nearer a larger pool of talent. For many, that may involve moving overseas. Liz Sparrow, Partner, Science and Tech Lead at Ridge and Partners, comments: “There’s no lack of ambition or opportunity for growth within the science and tech communities. Indeed, a third of the companies we studied expect to grow by over 60% over the next three years. But they need to be in the right environment to do this. That means somewhere with the right infrastructure, transport links, housing, and premises to attract the partners, suppliers, and talent they need.” Ridge’s research also highlights how highly dependent small and large science and technology-based businesses are on each other. Irrespective of size, 31% want to be located nearer to other science/tech businesses. This drive to operate in such ‘eco-systems’ has made tech and science parks the preferred solution for 98%. However, the report shows that these eco-systems aren’t working as they should, with 19% reporting that their science park landlords are not in tune with their needs. A third say that there aren’t enough good suppliers near them, while 24% need to be closer to major academic institutions. Such proximity would make collaboration and innovation easier and create a greater magnet for the specialist talent and suppliers the sectors collectively need. A sizeable 45% strongly agree that science parks can all seem the same and 80% say they feel rather ‘out of town’, an issue exacerbated by public transport problems. Conscious that their choice of building reflects on their own brand, 81% believe their science park should prioritise sustainability. A fifth want their science park to be a more high-tech and greener space to help them attract talent with an array of things on wish-lists such as visible renewable energy sources (19%) and impressive front of house or showcase areas for visitors and partners to use (20%). Liz Sparrow, again: “It’s important that we note these needs, as every company which exits these diverse eco-systems and relocates overseas, or simply fails to thrive, weakens things for everyone else. To protect one we must plan and build for all. “But with such a diverse mix of building, housing, and infrastructure needs to address no single body alone can do this. Joined-up thinking is needed between the public and private sectors, between the UK’s government, its cities, regions, construction sector, and science parks. Collaboration is key if we’re to create, grow – and keep – the UK’s tech/science powerhouses.” The Building a Future for Science and Technology Report is free to download.
Plans for the major redevelopment of a former Ministry of Defence (MoD) site in Hounslow West have been given the green light. A resolution to grant planning permission has been received for a mixed-use development at Cavalry Barracks to build a vibrant community that includes 1,525 new homes, as well as commercial space and more than 10 acres of open space. The new masterplan focuses on creating high-quality homes in a sustainable environment that celebrates the site’s history and supports the ongoing regeneration of the area. Housing developer and regeneration specialist Inland Homes developed the plans on behalf of the project’s investor, together with architects tp bennett and planning consultants Planning Potential. At nearly 37 acres, the former Ministry of Defence site is one of the largest remaining undeveloped brownfield sites in London and benefits from excellent public transport links to nearby Heathrow Airport and central London. Alongside much-needed homes to suit a wide range of residents, the redevelopment will bring 2,700 square metres of commercial space for shops, cafes, workspace and community uses. The old parade ground will be revived as a new public park twice the size of Trafalgar Square, with sports pitches, play areas and green open space. Other landscaped areas will help form an ecological corridor that connects to nearby Hounslow Heath and Beaversfield Park. With a permanent barracks on site from 1793 to 2021 and links to Oliver Cromwell, Florence Nightingale and Winston Churchill, Cavalry Barracks and the surrounding area is steeped in history. Heritage assets across the site will be celebrated and restored, with key buildings opened up for wider community benefit. In total, 14 Grade II listed buildings and 9 locally listed buildings will be refurbished. “Cavalry Barracks is an exceptional development site with its historical significance, excellent location and sheer scale of opportunity. We are delighted to have received a resolution to grant planning permission on behalf of the project investor to secure additional new housing for Hounslow, in a way that celebrates the site’s rich history and builds on its legacy for the whole community benefit. We look forward to seeing the next chapter in the Cavalry Barracks story come to life,” commented Nish Malde, Interim Chief Executive Officer at Inland Homes. Inland Homes is now working to finalise the terms of the section 106 agreement as quickly as possible on behalf of the project investor. Building, Design and Construction Magazine | The Home of Construction and Property News
Commercial real estate investor and developer, Firethorn Trust, has been given planning consent to deliver 660,000 sq ft of logistics warehousing in North Yorkshire. Sitting adjacent to the Sherburn Enterprise Park in Leeds, Firethorn’s 37-acre scheme will comprise four highly specified Grade-A units, delivered to net-zero carbon in construction. With approval from Selby District Council, work on site will begin in November, with completion expected in Q3 2023. The ‘Excellent’ BREEAM-Rated scheme includes 15% roof lighting and future provisions for power generation, with particular attention paid to the landscaped environment, which looks to enhance local biodiversity whilst creating an attractive working space. Paul Martin, Development Director at Firethorn, commented: “With units ranging from 57,750 to 280,000 sq ft, Sherburn42 is set to be a significant development for the region. “Providing a flexible, modern and sustainable space, and with excellent transport connections linking road, rail and sea, we believe the scheme offers a smart solution for businesses looking to expand their operations. “Now that we have received the green light from the council, we look forward to beginning work on site and bringing this project forward at pace.” Benefiting from up to 4MvA power, the approved plans include eaves heights of 15m to haunch, 11 ground-level access doors and 633 parking spaces. Close proximity to junction 42 A1 (M) provides direct connections to Leeds, the M1, M62 and coastal ports of Hull and Grimsby, as well as a number of regional rail stations and airports. Enquiries should be directed to the scheme’s letting agents: Colliers, Lambert Smith Hampton, and Carter Towler.
New speculative logistics/industrial development will see the construction of a 367,152 sq ft Grade A logistics facility at TCC’s Shepcote Lane Site in Sheffield. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has announced that it has been awarded its second project in succession by leading global developer and investor in commercial real estate Trammell Crow Company (TCC) to build a 367,152 sq ft logistics development at its 20-acre Shepcote Lane Site in Sheffield. The Grade A logistics facility will be constructed by Glencar consisting of a structural steel multi-span portal frame with a clear height to the underside of the haunch of 18m. The project also includes site access improvements, estate roads, an 83m deep service yard with HGV & trailer parking, car parks, motorcycle and cycle parking, landscaping, security fencing, a gatehouse and automatic access barriers. The site is located only half a mile on a direct route from Junction 34 of the M1 motorway. It previously housed a 455,750 sq ft facility, let to fencing manufacturer Betafence. Located in an established industrial area with an existing logistics allocation, tenants such as Clipper Logistics; Pretty Little Thing; ITM and Great Bear have recently taken space nearby. In keeping with its global standards, TCC is targeting BREEAM Excellent and EPC A certifications, while also installing electric vehicle charging points for passenger cars and HGV vehicles aimed at reducing emissions and improving local air quality. Additionally, occupiers will benefit from photovoltaic roof panelling to offset the base electrical consumption, which is expandable to cover the entire building.. The start of construction was celebrated by a ground breaking hosted onsite is due to start onsite and completion is due in summer 2023. KAM are acting as employers agent, CBRE planning consultants on the project and Chetwoods were appointed as the architect and WSP as civil and structural engineers. The unit is expected to create 450 new jobs. Additional employment opportunities are envisaged during the development and construction of the new scheme. Speaking about the contract award Pete Goodman Glencar Managing Director Midlands and North said: “So soon after being awarded our first project for Trammell Crow Company at Merton Drive in Milton Keynes we are absolutely delighted to receive this second, subsequent instruction in Sheffield which serves as TCC’s second logistics site in the UK and fourth in Europe as its continues to expand rapidly.. With Glencar currently working on projects in Crewe, Wigan and Rochdale with another scheme due to soon start in Stafford we are increasingly active in the North as we continue to leverage our strong credentials in the Logistics and Industrial sector. By virtue of its outstanding position and easy access to the M1, the Shepcote Lane scheme is ideally placed to serve the growing requirements of occupiers seeking high quality, state of the art logistics accommodation. We look forward to working closely with TCC and the full project team and delivering an high quality end product. Graham Reece, Head of European Logistics Construction at Trammell Crow Company, said: “This is a great next step for our growth in Europe following the start of construction at our first UK site in Milton Keynes and in Spain, reinforcing Trammell Crow Company’s position as a leading global developer. As we continue to secure new sites and prepare for construction across the continent, we are ensuring all our developments meet investors’ and occupiers’ needs with high-quality and consistent design and specification. We look forward to transforming this space into a high-quality industrial and logistics offering.” We very much look forward to be partnering once again with Glencar and look forward to seeing the reinvention of this redundant development into a Grade A logistics facility.”
Panattoni, the largest logistics real estate developer in the UK and Europe, has started construction of it’s 710,000 sq ft speculative logistics development in Rotherham. Panattoni Park Rotherham comprises of two facilities adjacent to junction 1 of the M18 at Rotherham, one of 630,000 sq ft, which will be one of the largest-ever speculative logistics buildings in the north of England, and a smaller 80,000 sq ft facility. The 40-acre site, named Panattoni Park Rotherham occupies a prime position within the in-demand M1-M18 triangle, close to the important east-west axis of the M62, the large markets of Leeds and Manchester, plus the ports of Liverpool, Hull and Immingham. Buckingham’s have been appointed main contractor and are now on-site starting earthworks for the development. Over the next few weeks the contractor will be starting cut and fill operation and forming the main entrance to the site to make sure it’s fully operational. The two speculative developments are expected to complete in Q3 2023. The buildings benefit from a range of sustainable credentials such as EV van and car chagrining points, 15% roof lights, PV ready frame, BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’.Dan Burn, Head of Development; North West & Yorkshire at Panattoni, said: ‘We are glad to be on-site starting construction of such significant scale in the North of England. The development has already seen substantial interest from occupiers, especially with the lack of supply of Grade-A space in the region. Panattoni’s speculative development programme keeps providing these opportunities that are missing in the market.”Letting agents are M1 Agency, Legat Owen and Knight Frank.
Hortons’ Estate Ltd has delivered the new UK headquarters of international hydraulic and pneumatic specialist Brennan Industries Inc. – one of two new developments at an established industrial park in the West Midlands. The independent property company has completed construction of 35,000 sq ft of new industrial/logistics accommodation at Anchor Brook Industrial Park near Aldridge town centre. The new building has been divided into two separate units of 17,500 sq ft, one of which will be occupied by Brennan Industries Inc. as a distribution hub with integral office space, and the other will be let. US-based Brennan Industries Inc. has purchased the land and both new units on a long lease from Hortons and will relocate its UK team from an existing facility in Walsall. It is the largest of two new developments to have been delivered by Hortons at the business park, following completion of a new retail unit on an adjacent plot that will be occupied by Greggs. Matt M. Stahr, vice president of operations at Brennan Industries Inc., said that the company’s new distribution hub would support its recent and anticipated growth, and could create new employment opportunities. He said: “We are incredibly excited about our new facility at Wharf Approach. This new distribution hub will allow us to more easily service the UK market, return value to our customers, and make for an enjoyable place for our employees to work. Thank you to the Hortons team for their world-class expertise, communication, and efficiency.” James Slater, head of building surveying and development at Hortons said: “It’s very pleasing to have completed this nine month development programme at Anchor Brook Industrial Park. “We’ve worked closely with Brennan to deliver a facility that meets its needs, both now and in the future. We’re confident that the quality of the building, and the park’s convenient location near the national motorway network, will provide an ideal platform for business growth. “We have a good relationship with Greggs having worked together to develop a similar facility in Cannock and its new retail unit will undoubtedly enhance the offering for existing occupiers of the business park and surrounding area.”
Following a recent flurry of acquisitions within the UK, Prologis, a leading owner and developer of logistics real estate, has announced three strategic developments across the Midlands and the South East. The projects at Prologis Park Midpoint, located in Birmingham, Prologis Park West London and Prologis Park Brooklands in Weybridge , bringing the total amount of land under development by Prologis UK for the logistics industry to 2.4 million sq. ft. Ground has been broken at Prologis Park Midpoint, one of the UK’s most successful logistics parks, with the new unit, DC6, under construction as part of a speculative development project. On completion, the new 163,754 sp. ft. distribution centre will bring the total floorspace of logistics properties at the park to over 1.6 million sq. ft. Prologis Park Midpoint is situated in the logistics “Golden Triangle” in the Midlands – a prime location to support growing supply chain needs. The park is situated just eight miles from central Birmingham and has access to 11 motorway junctions within five miles, providing vital accessibility for national and urban distribution. As demands within the ecommerce sector continue to grow, there has been an increased focus on the need for more high-density urban hubs to provide greater last-mile capabilities. In response to the growing needs of the industry, Prologis has broken ground on two key development areas within Greater London. Strategically positioned to ensure access the major consumer markets within West and Central London, and Thames Valley, Prologis Park West London is located on the doorstep of Heathrow Airport and within four miles of the M25. The two new units, DC5 (195,719 sq. ft.) and DC6 (143,849 sq. ft.), are due to finish construction in Spring 2023. Likewise, Prologis Park Brooklands DC1 is situated in a proven last-mile delivery location, serving Central and South London, with easy access to the M25, M3 and A3. The new 124,401 sq. ft. logistics facility draws upon a large and skilled labour pool from Weybridge and surrounding areas. Both Prologis Park West London and Prologis Park Brooklands are designed and built to meet the demands of high-performance operations. As well as being Grade A logistics and manufacturing facilities,all three developments will be certified net zero carbon in construction, with the new facilities targeted to achieve BREEAM-rated ‘Excellent’, a mark of Prologis’ ongoing environmental credentials. In addition, the units will be kitted out with EV infrastructure for the benefit of customers with green fleets. Paul Weston, Regional Head at Prologis UK, said: “Our development projects benefit from the excellent support of local councils and other stakeholders right from the start. Not only do these speculative developments show the strength and confidence we have in the sector, but also the exemplify the innovative ways in which the industry can support its ongoing growth. We’ve listened to the market, and to our customers, and are actively pushing forward development plans to support areas of growth, such as last-mile and urban delivery. “We’re immensely proud of the development projects that are ongoing across the country, and these new units are expected to generate a high level of interest and bring an array of benefits for the local economy and communities.”
Over the past 15 years, Prologis UK has achieved a reduction in carbon emissions of 476,819 tonnes (tCO2e) across a total of 74 projects. This represents an average reduction in whole-life carbon emissions of 25 percent, benefiting many Prologis UK customers seeking to reduce their emissions impacts The company has also recently submitted its goals to achieve net zero emissions by 2040 to the Science Based Targets initiative for validation Prologis UK has mitigated remaining embodied carbon emissions of 879,158 tCO2e by supporting the charity, Cool Earth, in its work to protect at risk rainforest. A new report about the 15-year partnership sets out a model for emissions reduction and mitigation, for others in the logistics property and construction industry, based on a programme of measurement, stakeholder engagement and communication Prologis UK, a leading owner and developer of logistics property, is celebrating a successful 15-year partnership with Planet Mark, a sustainability certification body serving organisations across industry sectors, which has seen the company significantly reduce its carbon impact. In 2022, Prologis announced a goal, which will be submitted to the Science Based Targets Initiative for validation, to achieve net zero emissions by 2040. This is consistent with the company’s longstanding focus on ESG. Over the past 15 years, Prologis UK, with Planet Mark, has put sustainability firmly at the forefront of its development activities; embedding it into the design and construction process from start to finish. An example of such initiatives is the work Planet Mark undertake with Prologis UK to engage the full construction supply chain, including all contractors, to ensure end-to-end visibility of carbon emissions, thereby identifying opportunities for reductions. To mark the 15-year partnership, Prologis UK and Planet Mark have published a joint report about Prologis UK’s industry-leading approach ton reducing and mitigating carbon emissions, along with some facts and figures about its sustainability achievements. A key finding of the report is that based on 74 projects, spanning more than 19 million sq. ft. of development over a 15 year time period, Prologis UK has achieved a reduction in carbon emissions of 476,819 tCO2e. This represents an average reduction in whole-life carbon emissions of 25 percent. Simon Cox, Head of Development Management at Prologis UK said: “This has been a ground-breaking programme, implemented at a time when the measurement, reduction and mitigation of carbon emissions was new to the real estate sector. Through our work with Planet Mark, we have gained invaluable experience and expertise, which will enable us to better serve our customers as we pursue of our newly published 2040 net zero goals.” Steve Malkin, CEO Planet Mark said: “Over the past 15 years our work with Prologis UK has put sustainability firmly at the forefront of their developments. By striving to reduce embodied carbon in every building, engaging with communities and their supply chain, and mitigating unavoidable emissions by protecting endangered rainforest, they have stretched way beyond compliance to set a new standard for best practice. We recognise that net zero is imperative and definitions are rapidly evolving alongside innovation, and we look forward to embracing this evolution together.” The whole-life carbon emissions of each project are measured using a Lifecycle Carbon Assessment (LCA), which follows recognised standards (BS EN 15978:2011) and methodologies, including the Royal Institute of Chartered Surveyors’ Whole Life Carbon Method, 2017. As it is impossible to eliminate all embodied carbon emissions when constructing new buildings, Prologis UK and Planet Mark also created a bespoke carbon mitigation scheme. While it was put in place several years earlier, the approach to carbon emissions reduction, elimination and mitigation employed by Prologis UK and Planet Mark aligns closely with the UK Green Building Council’s recently published framework definition for net-zero buildings. Prologis UK’s innovative carbon mitigation scheme has proved particularly successful in mitigating unavoidable carbon emissions through investment in large-scale rainforest protection programmes to avoid deforestation and lock-in carbon. These activities have been implemented in partnership with the global climate change charity, Cool Earth. The report quantifies the positive impact this scheme has had over the past 15 years; mitigating total embodied carbon emissions of 879,158 tCO2e through the protection of 17,683 acres of ‘at risk’ rainforest. This has prevented the loss of 4.1 million trees to deforestation, which would have resulted in potential emissions impact of 4.8 million tCO2e. The whole-life carbon emissions of a typical distribution centre are typically 30 per cent operational and 70 per cent embodied. Operational emissions can be reduced through energy efficient design and onsite renewables. Although embodied carbon can be reduced through careful material selection and detailing it can never be entirely eliminated. The sustainability model put in place by Prologis UK and Planet Mark has been successful in mitigating – 100 percent of the unavoidable, embodied carbon emissions for all 74 projects assessed. The report highlights the importance of stakeholder engagement and quantifies the social impact of the 74 projects surveyed. There is a community engagement programme in place for each of the projects assessed. This has included sustainability workshops through which for 63 local primary schools and 68 schools and colleges have achieved Planet Mark certification. To view the report jointly produced by Prologis UK and Planet Mark visit here.
A funding deal has completed between Caddick Group, Goldman Sachs Asset Management and Canmoor, which will see work commence on a new employment hub in Leyland, Preston. Following planning approval earlier in the year, construction is underway targeting delivery of the 544,000 sq. ft. warehouse in July 2023. The scheme represents a considerable investment in the region and will be the biggest speculative development of its type in the North West this year, addressing the acute demand for quality logistics and warehousing space. Situated with direct links to M6, M65 and M61 motorway networks the development offers excellent connectivity to the whole of the North West region. The Connect 6, Preston is expected to bring over 1,000 jobs to the area once complete, and around 600 jobs during construction, which will be carried out by Caddick Group business, Caddick Construction North West. The building will reach practical completion in July 2023. Steve Widdowson, Head of Caddick Developments in the North West, said: “Connect 6, Preston is an incredibly exciting scheme and we’re delighted to have investors of the calibre of Goldman Sachs and Canmoor coming on board to take this development forward. The deal means we can push ahead with developing out the site and help introduce much-needed capacity into the Industrial and Logistics market in the North West. Caddick’s vertically integrated offer has once again demonstrated the value of being able to act fast in addressing supply-shortages in quality locations.” Farbod Nia, Managing Director at Goldman Sachs Asset Management, said: “This investment aligns with our wider strategy to deliver best in class logistics space in well-connected, high-quality locations, specified to meet the requirements of modern occupiers and the highest sustainability standards. The building will help address the supply and demand imbalance in the North West market by providing occupiers with greatly needed space. We look forward to working with our partners Canmoor and Caddick Group on this exciting development” Tom White, Director at Canmoor, said: “This development addresses an acute need for this type of development in the North West of England. Moreover, the scheme is set to lead the way from an environmental point of view, being BREEAM Excellent rated, whilst enjoying unparalleled links to local infrastructure.” For more information on Connect 6, Preston visit www.canmoor-connect6.com Caddick Group is a vertically integrated business which sources land, designs and funds projects, as well as having the ability to build using its own contracting arm, Caddick Construction. The Group has a pipeline of 16+ million sq ft of industrial & logistics space. Caddick Group were represented by JLL on this scheme.