Planning approval for two warehouses on the former Carlsberg brewery depot in Wigan has been granted has been granted to a new partnership between developer Stoford and UK and European real estate investment management firm Oxenwood Real Estate.
The partners are refurbishing and extending of an existing building at Stone Cross Depot, Yew Tree Way, Golborne to create Stone Cross 136, a 136,000 sq ft warehouse facility. At the same time the partners will also develop Stone Cross 72, a new-build, 72,500 sq ft Grade A facility to the south of the existing building.
Work is set to start in June 2019 and is expected to reach completion before the end of the year.
Tony Nash, Director, Stoford Developments, said: “Our development will offer potential occupiers a choice of two new high specification warehouse units with outstanding connectivity in a region that has a shortage of available stock. We are anticipating considerable demand.”
Stewart Little, co-founder of Oxenwood Real Estate, said: “The purchase of Stone Cross in Wigan and our partnership with Stoford is a natural extension of our strategy within the logistics sector as we look to recycle the proceeds of successful sales undertaken last year. Within markets where we see strong occupational demand, we will build as well as buy and continue to look for similar opportunities.”
The former Carlsberg depot has remained vacant since being closed in February 2018, after 20 years in operation. It was acquired by Oxenwood Real Estate in November last year.
Letting agents are Gerald Eve, M1 Agency and DTRE.