Speculative warehouse development launched

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The three buildings at Lancashire Business Park, Leyland are being built by Lancashire County Developments Limited will replace a 450,000 sq ft building which was destroyed by fire in December 2011.

Construction works are well advanced, with the first units to be completed for July/August this year.  Three buildings are to be constructed, providing in total 390,000 sq ft.  Two adjoining units (12m clear headroom) of 166,000 sq ft can be combined to provide 332,000 sq ft in total, or can be subdivided from 80,000 sq ft. The third unit (6m clear headroom) provides 50,000 sq ft and can be subdivided from 5,000 sq ft.  Planning permission has been obtained for a fourth unit of 60,000 sq ft currently available on a build to suit basis.

Andrew Aherne of Lambert Smith Hampton said: “There is a real shortage of available new/modern manufacturing and logistics buildings across virtually all size ranges in the key locations of the North West. Over 5 million sq ft of new speculatively built Big Box Logistics buildings, which were developed prior to the downturn, have now been taken up and there will shortly be no new buildings of 100,000 sq ft and above available in the North West as a whole.”

Lambert Smith Hampton and Jones LaSalle are joint agents.

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