HelioSlough, the joint venture between Helios Properties and Slough Estates, has secured a 30ha (75-acre) former BAe Systems site in Chorley, Lancashire for a new £95 million, 120,770 sq m (1.3 million sq ft) industrial/distribution hub to serve the North West.
HelioSlough acquired the site, one of 12 designated as strategically important to the region, after fierce competition from other developers. Outline planning consent already exists for the development and work is underway on a new 27,870 sq m (300,000 sq ft) facility for LEX Auto Logistics.
Mike Hughes, director of HelioSlough, said: “The site’s strategic location, so close to the M6 and the North West’s major conurbations, will make the development one of the most significant distribution hubs in the region. We are currently in talks with a number of logistics operators for pre-lets of over 500,000 sq ft (46,450 sq m).”
HelioSlough plans to start work on two further buildings of 18,850 sq m (200,000 sq ft) and 9,290 sq m (100,000 sq ft) in the summer. The site is half a mile from junction 8 of the M61.