Discount retailer TK Maxx has secured a 460,000 ft² speculative warehouse on practical completion from developer PLP at its 600,000 ft² PLP Crewe Phase 1 site in the Northwest.
The deal is one of the biggest lettings in the region in recent times and the latest in a series of big lettings for PLP, including 2 units totalling 3 million ft² to Amazon in the latter half of 2022, this transaction demonstrates the continuing strength of occupier demand in the Northwest for high spec, big box logistics warehouses.
PLP Crewe 460 has 15m eaves, three-storey external offices of over 30,000ft², a separately accessed car park with 442 spaces and a secure, access-controlled 72m-deep service yard.
PLP Crewe 460 has been constructed in accordance with the UK Green Building Council (UKGBC) Carbon Net Zero standard. The building includes numerous measures to facilitate carbon net zero operation including 970m² of roof-mounted solar photovoltaics, air source heating and cooling in the office areas, LED lighting and 24 electric car charging points. It has also been designed for future flexibility with a strengthened roof to enable full coverage of solar photovoltaics and underground infrastructure to allow 100% of all car and HGV parking spaces to have electric charging points when required.
Keith Wilson, Development Director at PLP commented: “We were always confident in securing an occupier quickly; even then, we were surprised by the sheer number of occupiers who expressed interest in the building during construction.”
Knight Frank and Cushman & Wakefield represented PLP on the transaction. TK Maxx were represented by ACRE Capital Real Estate.