LGIM Real Assets and development partner Peel Logistics Property have secured planning permission for a 225,000 sq ft warehouse at Phase 2 of Grand Central in Trafford Park.
“We expect to begin construction from Q2 onwards to deliver a new facility during Q2 2019,” said Tim Packer, assistant fund manager to Legal & General’s IPIF.
“Given its location it is ideally suited for a conventional distributor or a last mile internet fulfilment operator. We will be in the market for a short period for build to suit development before making a decision on speculative development.
Grand Central is an 8.2-acre logistics and industrial development at Trafford Park in Manchester, and is the only site that can accommodate units up to 200,000 sq ft.
Andrew Pexton of GVA said: “The site is in a prime distribution location adjoining Phase 1, a 250,000 sq ft unit occupied by XPO Logistics.
GVA and Savills are the retained agents for the scheme.