Wrexham industrial esatte FIREM p.Truth PR

FIREM has a 2.8m sq ft portfolio in Wrexham. Credit: via Truth PR

FIREM expands North Wales presence with 56-acre deal 

The acquisition takes FI Real Estate Management’s total investment at the Wrexham Industrial Estate to £136m. 

FIREM is now readying a planning application for 400,000 sq ft of logistics space on the site.  

The developer’s founder and managing director, Tim Knowles, said the decision to expand the Wrexham portfolio of assets to 2.8m sq ft reflects a surge in demand from companies keen to be based in the Wrexham area. 

“When our peers were looking towards the big cities in the South for development opportunities, we kept our focus on Wrexham, having purchased our first piece of land here in 2005,” he said. 

“The city’s prominent position, strategic connectivity, highly skilled workforce and future talent emerging from Glyndwr University, is attracting a great deal of attention from logistics and warehousing companies in the UK and beyond.” 

Knowles added: “Add to this the high quality and energy efficiency of our new build space and it means the speculated slowdown in the industrial sector, following two years of growth, is yet to reach Wrexham.” 

Chorley-based FIREM’s future plans, both in Wrexham and beyond comprise a total of 2.2m sq ft of new build commercial space. 

FIREM’s UK-wide industrial estate comprises 91 sites, part of a 10m sq ft portfolio. 

In 2023 the developer expects to break ground on 19 new sites, part of a 5m sq ft pipeline over the next four years. 

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