Tritax Big Box Developments (TBBD) has purchased a 40-acre development site in St Helens, Merseyside, from Harworth Group for an undisclosed price.
The land is allocated in the St Helens local plan and will form part of TBBD’s plans for its Intermodal Logistics Park North Strategic Rail Freight Interchange.
The site provides direct access to Junction 22 of the M6, close to the M62 interchange, and within the Liverpool City Region Freeport. Harworth said the sale of the site was in line with book value.
Jonathan Haigh, chief investment officer at Harworth, said: “This transaction demonstrates continued strong demand for industrial & logistics strategic land and evidences Harworth’s acceleration of key initiatives to create a simpler, lower cost and higher returning platform. By crystallising value from a mature strategic land asset, we are now able to recycle the capital into higher returning opportunities aligned to powered land and industrial growth sectors.”
