Deal signed for giant logistics development at Omega South
A deal has been signed with Mountpark Logistics to deliver a new four-unit warehouse development at Omega South, near Warrington.
Omega Warrington Ltd has penned the agreement for the industrial/distribution hub of up to 757,555 sq ft.
OWL will build the facility for Mountpark Logistics EU Sarl, a joint venture between Mountpark Finco and USAA Realco which was established to undertake logistics development across Europe.
It has already started building, and a new access road leading off Skyline Drive is underway.
When completed and fully occupied, the new cluster of premises, to be named ‘Mountpark Warrington’, could support up to 2,000 jobs on the western part of Omega South.
The commencement of construction follows the approval of a reserved matters planning application in January.
David Milloy, joint managing director of Miller Developments and OWL said: “This announcement marks the second speculative deal done at Omega.
“It demonstrates that major UK and overseas investors have confidence in the local market and the attraction of Omega to businesses.
“We look forward to welcoming further occupiers to Omega South and promoting more jobs to local people.”
Mountpark is committed to funding the scheme speculatively, with three units of 346,153 sq ft, 136,962 sq ft and 90,771 sq ft to be built in a first phase of development and are scheduled for completion in November 2018.
A fourth unit totalling 183,669 sq ft is fully consented and will follow as a second phase of construction.
Tom Kilmister on behalf of Mountpark Logistics said: “We are very excited to be working with OWL on the next phase of development at Omega South.
“The park has a fantastic reputation as the premier distribution location in the North West, given its excellent connectivity to the National Motorway network and accessibility to the regional population.
“There is currently a distinct shortage of available, good quality industrial and logistics accommodation in Warrington and the North West, providing limited opportunity for businesses looking to expand in to the area or relocate; Mountpark Warrington will provide much needed state-of-the-art accommodation for occupiers seeking quality workspace.”
With the deal completed and work starting on site, marketing activities will now take place to maximise current market interest.
New occupiers would join ASDA, The Hut Group, Plastic Omnium, Domino’s and Amazon on Omega South, neighbours to Brakes, Hermes, Travis Perkins and Haydock Commercial on Omega North.
