Sweet deal for Cheshire industrial and distribution park
Tritax Symmetry, the development arm of Tritax Big Box REIT (TBBR), working in a joint venture, has exchanged contracts with confectionery firm Swizzels Matlow.
The deal is for the delivery of a new 158,000 sq ft manufacturing facility at Ma6nitude in Middlewich, Cheshire.
This forms the first phase of a total development of up to 460,000 sq ft.
The new facility for Swizzels will be an expansion of the confectioner’s current manufacturing capability and involves a significant additional investment in new manufacturing plant and machinery.
David Nuttall, development director at Tritax Symmetry, said: “Bringing a well-respected and long-established company to Ma6nitude is a huge coup for both the scheme and the region.
“Swizzels’ decision to choose Ma6nitide as the location for such a significant investment in growing their business emphasises the quality of the site and their confidence in our ability to deliver this new manufacturing facility.
“This is also excellent news for Middlewich too, bringing a range of good quality jobs to the area.
“With the deal now signed, we are aiming to submit the planning application imminently.”
Jeremy Dee, managing director at Swizzels, said: “We are excited to embark upon this development to further support the growth of our business.
“We look forward to working with Tritax Symmetry at Ma6nitude in the delivery of what we are confident will be a first-rate manufacturing facility.”
The professional team acting at Ma6nitude includes: CMS (legal), RPS (PM/QS), AEW (architect), Avison Young (planning) Shepherd Gilmour (engineers) and Utility Connections.
Legat Owen, Savills and B8 Real Estate are joint letting agents for the scheme.
Savills, Beaumont Lord and Land Law represented Swizzels Matlow, which is based in High Peak, Derbyshire.
Located just off Junction 18 of the M6, Ma6nitude offers plots from three, up to 53 acres, and buildings can be delivered from 40,000-638,000 sq ft.
