Tungsten Properties, one of the UK’s leading mid-box industrial and warehouse developers, funded by British Airways Pension Trustees has received planning approval for ‘Super W’, a 244,000 sq ft speculative industrial unit at the former Travis Perkins’ facility at Appleton Thorn Trading Estate in Warrington, Cheshire.
Tungsten Properties purchased the 11.03-acre site in this established industrial area in Q2 2020.
A planning application was subsequently submitted to Warrington Borough Council to demolish the existing buildings to construct a single 244,000 sq ft high specification industrial unit to include integrated office accommodation, parking, gatehouse and warehouse operations office, landscaping and associated works and house circa 200 jobs.
Super W is situated in an established distribution warehouse location at the intersection of the M6 and M56 motorways, just four miles south of Warrington town centre. Manchester Airport is within a 14-minute drive and Liverpool airport within a 26-minute drive time.
Ian Dunckley, development director, Tungsten Properties said: “Super W is our first development and investment into the north west and part of our UK-wide 2.37 million sq ft committed development pipeline to provide industrial and warehouse space to help create jobs and support the future economy. The market demand for such commercial warehouses in this area is high, hence why demolition started in November with construction commencing in March and delivery due in Q3 2021.”
Nathan Khanverdi, surveyor, Colliers International said: “Like many regions across the UK, in the last 12 months, the north west has experienced accelerated demand for large distribution space with take-up reaching 4.9 million sq ft, 90% ahead of the previous year. This is due to occupiers scrambling to secure distribution space in a supply-starved market. As a result, there is an urgent requirement for speculative development in the region and so we expect to see strong interest from the occupier market for this prime space.”
The letting agents are Colliers International and Moriarty & Co. Pegasus Group is the planning consultancy.