A 42.5-acre development site in Ellesmere Port – which has room for up to 750,000 sq ft of warehouse space – has been bought from Peel Ports Group.
Real estate investor Firethorn Trust is behind the acquisition, which is located immediately adjacent to Junction 7 of the M53.
The company is already considering a “variety of options”, including bringing forward one facility or multiple.
Partner Peter Mather said: “The opportunity to purchase a substantial freehold, multi-modal site in a recognised business and industrial location in the North West of England is a fantastic addition to our rapidly growing logistics portfolio.
“The long-term changes in e-commerce trends, paired with the reconfiguration and expansion of supply chains, has exposed a pronounced shortage of fit-for-purpose grade A warehousing solutions, particularly in this region.
“Our strategic acquisition of this site within an LDO reflects our vision to respond quickly to increasing demand within the logistics sector, by developing high-quality solutions and unlocking the potential of development sites in strategic locations.”
Andrew Martin, group land and property director at Peel Ports, added: “We are very pleased to have concluded the sale of the Port Cheshire site to Firethorn Trust.
“We look forward to supporting Peter and his team in bringing forward further development at this multi-modal site.”
Firethorn Trust was advised by CBRE and Peel Ports Group was represented by B8 Real Estate and JLL.
Source: Insider Media website