Deal in place for logistics hub for “world-leading retailer”

Contracts have been exchanged for the forward funded development of a major scheme in St Helens, with a pre-let agreed with a “world-leading retailer”.

Subject to full planning consent, listed group Tritax Big Box REIT will forward fund a logistics sortation centre at Haydock, St Helens.

The development, adjoining the Haydock Industrial Estate, is being undertaken by Bericote, a developer of UK industrial logistics property.

Incorporating a facility with docking to three sides, the new facility will be constructed to a high specification with a gross internal floor area of about 361,062 sq ft and low site cover of 24 per cent. The regular configuration of the site could therefore accommodate a building in total of about 700,000 sq ft at a more standard 45/50 per cent site cover.

The site is located in an established logistics area, with road connectivity directly onto the A580 which provides an east-west link between Manchester and Liverpool and J23 of the M6 motorway.

As such, the location benefits from close proximity to the deep-water container port, Liverpool2, and to Manchester Airport. Haydock has a catchment population of about 2.5 million people within a 30-minute drive, providing a large workforce to draw from, which underpins the longevity of the area as an established UK distribution location.

The proposed retail occupier has not been named, however many believe that Amazon will use the facility.

“We worked very closely with the customer and Bericote to deliver this off-market pre-let development, which provides the company with further exposure to a market leading occupier,” said Colin Godfrey, partner of Tritax.

“Once operational, the building will represent one of the most advanced sortation buildings in the UK on a site with very low site cover, whilst further diversifying the “ompany’s portfolio by geography in an established logistics hub with strong labour supply.”

 

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