Icon Industrial in driving seat as plans get go-ahead
Plans to build a petrol filling station, convenience store and drive-thru restaurant at a major warehouse and logistics development in Manchester have been given the green light.
Construction of the proposed development by Icon Industrial at its flagship scheme – Icon Manchester Airport – could begin soon.
The BP filling station, M&S Simply Food convenience store and drive-through Costa Coffee will provide an important ancillary facility for existing and future occupiers of the £100m employment park.
Icon Manchester Airport is a build to suit logistics/warehouse development with outline planning consent for circa 1 million sq ft, capable of delivering units from 100,000 sq ft to 700,000 sq ft on the 45-acre, fully serviced site. The development was formally launched to the market in October and is the first investment made by the new joint venture.
Icon Industrial is a joint venture formed by Stoford Developments and TPG Real Estate.
Angus Huntley, development manager at Stoford Developments, said: “We are very pleased to have achieved planning consent for the petrol filling station and associated facilities from Manchester City Council.
“This development will provide important onsite amenities at Icon Manchester Airport, which is a landmark development for the North West and also for Icon Industrial. It presents potential occupiers with an excellent opportunity to have a unit built to their specific requirements in a first-class location at the very heart of the Northern Powerhouse. Having this amenity on site can only make the development even more attractive to occupiers.”
He added: “The connectivity it offers future occupiers makes it a hugely significant site in what is already a rapidly expanding logistics area at Icon Manchester Airport.”
The site provides excellent connectivity with Junction 6 of the M56 motorway immediately accessible, as well as Manchester Airport and the Greater Manchester region. Air and rail connections at the World Freight Terminal are also nearby. The area is established as a prime North West logistics site, which has major occupiers including Amazon, Fedex, UPS and DHL.
Icon Manchester Airport has a gross development value of around £100 million and sits within the Manchester Enterprise Zone which enables occupiers to benefit from a business rates discount up to £275,000 over five years, super fast broadband, fast track delivery via a streamlined planning process, and enhanced capital allowances. Icon Industrial acquired the brownfield site from Airport City Manchester Joint Venture in July 2017.
Agents Knight Frank act on behalf of BP. Icon Industrial’s retained agents are CBRE, DTRE and JLL.