Trebor has agreed an off-market deal to acquire a 7.30-acre site logistics development site at Martland Park, Wigan, for an undisclosed sum.
Outline planning permission was granted at the site in March 2023 and Trebor has now submitted a reserved matters application for a 101,805 sq ft logistics unit, which will be built on a speculative basis.
Trebor and funder Hillwood are targeting an EPC A and BREEAM Excellent rating for the Wigan 100 unit, which is situated within easy reach of junction 26 of the M6 motorway.
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.”
Sam Royle, partner at Knight Frank, which is joint agent on the development alongside CBRE, added: “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 1.5m sq ft transacted to date, demand for new developments continues across the region. We are currently tracking close to 2m 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.”
