Icon Industrial’s latest Manchester Airport development proposals take flight
Proposals for two new industrial/warehouse developments at a £100 million Manchester Airport site have been given the go-ahead, Icon Industrial has announced today.
Manchester City Council has approved plans for two highly specified developments of 102,500 sq ft and 138,375 sq ft at Icon Manchester Airport, the rapidly growing global logistics area of Manchester’s Airport City.
Icon Industrial - a joint venture between Stoford and TPG Real Estate - said that the latest developments will meet rising occupational demand at the 45-acre build-to-suit logistics park, which has outline planning consent for circa 1 million sq ft.
Approval for units 3 and 4 of the scheme comes just weeks after planners rubber stamped Icon Industrial’s proposals for an 11.6-acre logistics and global content creation studio at Manchester Airport on behalf of online beauty and wellbeing retailer, The Hut Group.
Dan Gallagher, Joint Managing Director of Stoford Developments, said: “We’re pleased to announce planning approval for units 3 and 4 of Icon Manchester Airport. These developments offer an excellent opportunity to relocate to a key strategic location in the North West, with unrivalled airport connectivity and a strong list of current occupiers.
“Icon Manchester Airport is a unique and exciting scheme that will continue the fulfillment of the Airport City masterplan, expanding and enhancing the logistical facilities on site. We are already seeing significant interest in the development.”
Located adjacent to the World Freight Terminal and part of the Manchester Enterprise Zone, Icon Manchester Airport offers excellent road, air and rail connections, with immediate access to junction 6 of the M56 motorway and Greater Manchester.
The site also benefits from the recently completed A6 Manchester Airport Relief Road, a £290 million dual carriageway linking the A6 and M56 that is expected to significantly reduce journey times to Manchester Airport.
TPG Real Estate and Stoford Developments are building Icon Industrial into a significant logistics platform by acquiring and developing similarly attractive UK sites, as well as refurbishing existing buildings in prime logistics locations. The Joint venture recently completed its second acquisition, Icon Harlow, which brings its total GDV to over £250 million.
TPG Real Estate has significant experience investing in logistics while Stoford has completed more than 13 million sq ft of industrial development in the UK.
This was posted in Bdaily's Members' News section by Martin Hicks .