HUNDREDS of jobs could be created after a masterplan was unveiled to redevelop the vast site of a burnt down warehouse.
In a joint venture, Legal and General Property (LGP) and DB Symmetry have secured planning permission for the land where paper merchant Georgia Pacific once stood.
Back in 2011, the giant depot on the South Lancs industrial estate in Bryn was destroyed by the biggest blaze the town had seen for decades, which ripped through the premises in the early hours of May 19.
A total of 50 firefighters fought strong winds to bring the inferno under control, including crews across Wigan borough as well as Bolton North, Farnworth, Sale and Eccles as eyewitnesses claimed that the fire could be seen from 10 miles away. The 34-acre site was two years ago LGP’s first acquisition after moving to the North West and it today announced plans for the construction of up to 182,556ft sq of warehousing space, which it has called M6EPIC. Work will start soon on the construction of a 110,000ft sq industrial distribution unit, expected to be completed later this year.
The remaining 70,000ft sq has permission to be developed a variety of possible according to the eventual occupier’s needs.
The second phase of the scheme sits within a remaining 22.35 acre site that can accommodate buildings from 50,000 to 350,000ft sq for distribution and/or manufacturing space constructed to occupiers’ specific requirements.
LGP fund manager Will Edwards said: “This speculative development is an example of the Fund’s pro-active asset management strategy and will result in a high quality, well specified warehouse being built to satisfy tenant demand in a supply constrained market.
“Demand for logistics units in core locations is benefiting from the recovery in retail sales and structural changes in buying patterns brought about through digital advances.”
Andrew Dickman, director at DB Symmetry, said: “We are excited to begin the next phase at M6 EPIC.
“While some may still view spec building as a risk we are confident that the size and quality of building will service the strong demand currently targeting the M6 corridor.”
Paul Cook, Director of Industrial Agency at CBRE Manchester, added: “The new speculative development at M6EPIC represents a big vote of confidence in the North West industrial market and will deliver ready-to-occupy space in a strategic position next to the M6.”