Contractor picked for £22.5m net zero warehouse scheme
The contractor chosen to deliver a development of 11 warehouses with a GDV of £22.5m has been announced.
The North West office of Caddick Construction has been appointed by Schroder Real Estate Investment Trust to deliver the units at its Stanley Green Trading Estate in South Manchester.
The new units will have a GDV of approximately £22.5m and will deliver a further 80,000 sq ft of trade counter space on a 3.4 acre development site adjacent to the existing estate.
The development will, on completion, be the first ‘Net Zero Carbon in Operation’ industrial scheme in the North West.
Stanley Green currently provides 150,000 sq ft of warehouse space and is 100% occupied by a mix of regional and national trade occupiers including Howden Joinery, Screwfix, Toolstation and Apex Self Storage.
Completion is expected in late December 2022.
Ian Guildford, construction manager at Caddick Construction, said: “This development will deliver much-needed additional trade counter space. The experienced team is looking forward to starting the project and delivering a highly sustainable expansion at this popular regional industrial hub.”
Philip Scott, fund manager at Schroders, said: “Delivering the next phase of Stanley Green Trading Estate is a key milestone in the business plan and is the latest demonstration of our commitment to sustainable investment. On completion, the Net Zero Carbon scheme will be one of the greenest assets both within the SREIT portfolio as well as the region.”
PRC Group is the architect and Gerald Eve is the planning consultant.