Network Rail acquires four-acre site in Crewe for development later this year
Network Rail has acquired the Crewe Truck Stop, on Cowley Way, Crewe, for an undisclosed sum.
Property consultancy Legat Owen completed the sale and as part of the transaction, the Truck Stop has taken a short-term leaseback on the four-acre site to retain the facility until Network Rail requires the site for its own operational uses later this year.
Matt Pochin, director at Legat Owen, said: “We originally acquired the site for our long term client over 20 years ago and are pleased to have been involved in its subsequent sale.”
He added: “Crewe has a huge amount of future potential with a significant amount of investment and development in the pipeline, not least Cheshire East Council’s plans to redevelop the train station which is located only a quarter of a mile away from the Cowley Road site.”
Guy Cooke, senior director of BNP Paribas Real Estate, which advised Network Rail, said: “This site is a strategic acquisition to support our client’s ongoing future projects in and around the Crewe area.
“This land deal follows the purchase of another prime six-acre site on Mannin Way, Crewe, last year, which included the redundant former Total Fitness Gym.”
Elsewhere in Crewe, Legat Owen has been appointed to market 1.4 million sq ft of premium logistics space, which is being brought forward by Panattoni at Panattoni Park and has also been appointed to market two high quality industrial units at Crewe Gates Industrial Estate.
Legat Owen acted on behalf of a long-term private client.