Peel Logistics has set its sights on becoming a ley player in the logistics market offering 66 sites across almost 6,000 acres of land across the UK.
The launch of Peel Logistics is timed to meet the accelerating demand for quality space. The portfolio will offer over 100 million sq ft of bespoke distribution warehousing, together with funding and outline planning consent for many of the sites.
Ten of the sites have the ability to accommodate one million sq ft distribution centres, including the 75 acre former Bridgewater paper mill site in the banks of the Manchester Ship Canal at Ellesmere Port. JLL and B8 Real Estate have already been appointed to master plan and market the site which has planning for 1 million sq ft.
The strategic marketing alliance combining land assets from The Peel Group, Peel Ports and Harworth Estates offers 60 million sq ft of new build space with a potential total built investment value of over £4 billion. Many of the sites are multi-modal.
[asset_ref id=”2212″] Matthew Fitton
Peel’s Matthew Fitton, who is leading Peel Logistics said: “The global logistics market is changing at a dynamic pace; the challenge for organisations is to ensure their supply chains remain efficient and effective in servicing their customers needs.
“Any distribution or manufacturing organisation seeking to maintain a competitive edge in this new world needs the right property in the right location, this make the Peel Logistics offer so relevant to the global logistics revolution we are currently witnessing.
“In addition, we will also be bringing forward a new sustainable logistics-based initiative where The Peel Group’s wider interests in energy, utility and environmental solutions will be integrated into the Peel Logistics land offer, giving occupiers the full locational and sustainability package.”
Of the 66 sites, 42 per cent are in the North West, 35 per cent are across Yorkshire and the Midlands, 10 per cent are in the North East and 12 per cent are in Scotland. The portfolio also includes a three-acre site in the South East, making up the final percentage of the allocation.
A further 17 sites are brought to market through Peel’s strategic alliance with Harworth Estates, of which it has a minority shareholding. The three companies will continue to market their own sites individually, with Peel Logistics providing a marketing umbrella for the UK-wide portfolio.
Phil Wilson, executive director at Harworth Estates said: “Our combined logistics offer is unparalleled, offering quality space for small businesses all the way through to multinational distributors. With more than half of UK third party logistics companies expected to invest more in equipment, people and premises in 2014 than 2013, Peel Logistics directly supports the UK’s ambitious plans for growth.”
Already some 1,900 acres have all infrastructure in place and are ready for occupation.