Speculative logistics scheme proposed as market prepares for lift off
A deal to buy a 7.30-acre site at Martland Park, in Wigan, has been announced in an off-market deal.
Trebor Developments, based in Bromsgrove, Worcestershire, has entered into a contract for the site, which was granted outline planning permission in March 2023.
Now, Trebor has submitted a reserved matters application which, if approved, will lead to the development of a high-quality logistics unit offering 101,805 sq ft on
a speculative basis, beginning in 2024 and marketed as Wigan 100.
It will be built to an EPC rating of A and targeting BREEAM Excellent incorporating key sustainability features including PV panels, EV charging spaces and cycle facilities.
Situated within easy reach of junction 26 of the M6 motorway the location is also just a few minutes from Wigan town centre.
The North West has a shortage of high quality and sustainable industrial accommodation which this development will seek to address.
Bob Tattrie, Managing Partner at Trebor, said: “Given the lack of new high quality industrial accommodation coming forward in the North West, we believe Wigan 100 is an ideal location to speculatively develop.
“This complements our other new North West developments being speculatively developed in 2024, Crewe 335 and Ark 42 in Trafford, providing collectively 478,000 sq ft of accommodation.”
Trebor and funder, Hillwood, are represented by joint agents CBRE and Knight Frank, Manchester offices.
Knight Frank Industrial Partner, Sam Royle, said: “Trebor’s continued commitment to invest in high quality logistics space in the North West underlines the region’s strategic importance and the need for a continued pipeline to meet demand.
“Although take up has moderated in the first half of 2024 with approximately 1.5 million sq ft transacted to date, demand for new developments continues across the region.”
He added: “We are currently tracking close to two million sq ft of deals in legals, which will transact in the second half of the year and with the Election out of the way we expect to see occupiers and investors make their long term moves.”
