Partner Article

Jobs boost as Stone Cross Park set for double development

Plans have been unveiled for two new industrial/warehouse developments at the site of a former Carlsberg brewery depot in Wigan.

Stoford Developments and Oxenwood Real Estate have announced plans to transform an existing site at Stone Cross Depot, Yew Tree Way, Golborne following the acquisition of the building in November.

The partners have submitted two separate full planning applications to Wigan Borough Council. They include the refurbishment and proposed extension of an existing building to provide a 136,000 sq ft warehouse and a new build 72,500 sq ft facility. The scheme is the first for the new partnership.

The former Carlsberg depot has remained vacant since being closed in February 2018, after 20 years in operation.

Tony Nash, Director, Stoford Developments, said: “Stone Cross is a prime logistics location with a lack of supply of good quality and much-needed employment accommodation. The site is well established, already housing an enviable line up of well-respected tenants.

“Stone Cross will offer potential occupiers a choice of two high specification industrial/warehouse units with outstanding motorway connectivity to the north west and national networks.

“The high design quality of these developments allied to the lack of available stock in the area is likely to result in considerable demand. We expect the scheme to provide a huge boost to the local jobs market, delivering significant investment in Wigan’s economy”.

Stewart Little, co-founder of Oxenwood Real Estate, said: “The purchase and the partnership with Stoford is a natural extension of our strategy within logistics as we look to recycle the proceeds of the successful sales undertaken earlier this year. Within markets where we see strong occupational demand, we will build as well as buy and look for similar opportunities in 2019.”

Stone Cross Park is a premium industrial/warehouse development located within the wider Stone Cross employment area, which extends to approximately 32 hectares. Local occupiers include Ansell Lighting, Righton, Cold Move, Alpla and Gefco.

Oxenwood Real Estate has significant experience investing in the UK and continental European logistics real estate markets, while Stoford has completed more than 12 million sq ft of industrial development in the UK.

This was posted in Bdaily's Members' News section by paul king .