Hot on the heels of securing planning permission for a 300,000 sq ft warehouse in Runcorn, developer Gladman announced it has secured planning permission for two further buildings; a 27,870 sq m (300,000 sq ft) distribution warehouse at Lymedale Business Park in Newcastle-under-Lyme and another in County Durham on the Drum Industrial Estate.
Work at Lymedale is expected to start in early spring, with completion planned before the end of 2006. Depending on the eventual occupier the new development is expected to help create up to 300 jobs and will have an end development value of £20 million.
Kevin Edwards of Gladman said: “Staffordshire is a very desirable location for distribution occupiers. The confidence in the market is re-affirmed by the fact that we are prepared to build this new big shed on a speculative basis. We have already had a number of initial enquiries from interest occupiers and their agents.”
Planning for a three-unit warehouse scheme totalling some 46,450 sq m (500,000 sq ft) is expected shortly at Drum Industrial estate in Chester-le-Street, Co Durham. Units will range from 6,503 – 27,870 sq m (70,000 sq ft – 300,000 sq ft). All units boast 15m eaves as well as multiple level access doors, large yards and high specification offices.
l Gladman Developments has acquired a second development site in Scotland following its announcement in January that it plans to build Scotland’s largest speculative distribution warehouse development of 55,740 sq m (600,000 sq ft) on a 33.5-acre site at J4 M8 Distribution Park in the Central Belt.
The new site totals 8.089ha (20 acre) and is known as the Eliburn Campus site in Livingston, close to Junction 3A of the M8. The vendor is Texas Instruments Limited, which was advised by Montagu Evans.
Following a master planning phase, Gladman will submit a planning application for a range of speculative office buildings from 1,858 – 2,322.5 sq m (2,000 sq ft to 25,000 sq ft) and for a number of smaller industrial units of up to 3,716 sq m (40,000 sq ft).