Icon Industrial reveals plans for latest Manchester Airport development
Icon Industrial has revealed plans to build a new industrial/warehouse unit at its £100m Manchester Airport site.
The proposed 102,500 sq ft development will include a single 95,000 sq ft industrial/warehouse building and 7,500 sq ft of integrated office accommodation, with 141 car parking spaces.
Icon Industrial, a strategic joint venture by Stoford Developments and TPG Real Estate, has submitted a reserved matters planning application to Manchester City Council for the building.
It is the third development to be announced at the rapidly-growing global logistics area of Airport City, with Icon Industrial also set to deliver The Hut Group’s new logistics and global content creation studio, housing up to 2,000 people.
Dan Gallagher, joint managing director of Stoford Developments, said: “Due to the level of recent occupational demand, we have submitted a planning application for unit 4 of Icon Manchester Airport.
“This project is the third exciting development on the scheme and offers the opportunity to continue the fulfilment of the Airport City masterplan, expanding and enhancing the logistical facilities on site.
“The remaining land presents potential occupiers with an excellent opportunity to have a unit built to their specific requirements in a key strategic location with unrivalled airport connectivity, so we are expecting considerable interest from potential occupiers.”
Launched last year, Icon Manchester Airport is a 45-acre build to suit logistics/warehouse development, with outline planning consent for around 1 million sq ft.
The remaining fully-serviced site can deliver units from 135,000 sq ft to 434,000 sq ft on a design and build basis.
Existing occupiers include Amazon and DHL, with on-site amenities including a BP petrol filling station, Costa Coffee and M&S Simply Food due to open before Christmas.
Located adjacent to the World Freight Terminal and part of the Manchester Enterprise Zone, Icon Manchester Airport offers excellent road, air and rail connections, with immediate access to junction 6 of the M56 motorway and Greater Manchester.
The site will also benefit from the recently completed A6 Manchester Airport Relief Road, a £290m dual carriageway which links the A6 and M56 and will reduce journey times to Icon Manchester Airport significantly.
Unit 4 Icon Manchester Airport is one of the main focal points on entry into the logistics park.
Situated in a prominent location at the edge of the site, between the M56 and the A538 Wilmslow Road, the development is immediately to the west of the World Freight Terminal and accessed via a spur off the Sunbank Lane southern roundabout.
TPG Real Estate and Stoford Developments are building Icon Industrial into a significant logistics platform by acquiring and developing similarly attractive UK sites, as well as refurbishing existing buildings in prime logistics locations.
The joint venture recently completed its second acquisition, Icon Harlow, which brings the total GDV of the JV to more than £250m.
TPG Real Estate has significant experience investing in logistics, while Stoford has completed more than 12 million sq ft of industrial development in the UK.