Maple Grove Developments (MGD) has acquired a 19-acre development site just north of Penrith from Rayner Rowen for an undisclosed price.
The site, which sits adjacent to the A6 and junction 41 of the M6 motorway, has outline planning consent for up to 250,000 sq ft of industrial and logistics space plus general business uses.
Detailed planning consent is also in place for the site access and MGD is collaborating with the local authority on the technical details to finalise the design of the site-wide infrastructure.
James Scott, development director at Maple Grove, which is part of the Eric Wright Group, said: “This acquisition underscores our commitment to supporting commercial growth in Cumbria, and delivering high-quality, strategically positioned industrial, logistics and commercial spaces to meet rising regional demand. We are focused on progressing with the early access and initial infrastructure works and are anticipating a start on site in early 2025.”
Paul Cook from CBRE, joint agents for the scheme with Carlisle-based Carigiet Cowen, added: “Interest in the site has been robust, Maple Grove Developments is engaged in pre-let and pre-sale discussions with several potential occupiers. Having planning and power already in place, gives certainty to businesses looking to move here and further adds to the scheme’s appeal.”
Richard Percival of Carigiet Cowen said: “There are very few sites which are so readily accessible from the M6. Penrith 41 really does offer a unique opportunity to secure high quality new build facilities with the infrastructure and team in place to successfully deliver it. We are looking forward to seeing activity on site in early 2025.”
The vendor was represented by Christopher Dee.
