Trammell Crow Company has acquired the freehold of a 27.8-acre site near Manchester in the northwest of England from Telereal Trillium.
The site, on Manchester Road, Heywood, offers development opportunity for c. 475,000 sq ft of Grade A logistics space, said TCC in a statement.
The Heywood site is TCC’s third in the UK.
Just five minutes from Heywood Distribution Park, the site is located within one mile of junction 19 of the M62, four miles of three major motorways (the M60, M62 and M66), and an hour’s drive of the port of Liverpool, Manchester Airport, Liverpool John Lennon Airport, and Leeds Bradford Airport.
Mike Forster, Head of UK Logistics at Trammell Crow Company, said: “Located in a prime logistics market and with outstanding transport links, our latest UK acquisition has significant potential. As with our other sites in the UK, on which we have secured planning consent due to a collaborative approach with local authorities and communities, we plan to develop a logistics asset that is environmentally sustainable and socially beneficial. This site will create new jobs for local people, both in its development and when it’s operational, replacing an old and no longer fit-for-purpose space with one that is well designed, environmentally friendly, and makes a positive impact in Heywood and the surrounding area.”
Jonny Pitts, Director – Planning & Disposals at Telereal Trillium, said: “Since the previous tenant served notice, our team has worked to establish the site’s existing lawful use, procure a detailed technical pack and present a highly attractive opportunity to the market. Following significant buyer interest, we are excited to have selected Trammell Crow Company to take the site forward using its extensive experience and knowledge of the sector.”