Invesco, Barwood progress £300m industrial drive 

The investors have submitted plans for 83,000 sq ft of logistics space in Trafford as they continue building their last-mile warehousing portfolio. 

Invesco Real Estate and Barwood Capital joined forces earlier this year to buy four acres off Neary Way from Peel L&P, and announced plans to create a £300m industrial portfolio. 

At the time, Andy Rofe, managing director at Invesco Real Estate Europe, said the strategy was in response to “pressure on global supply chains”. 

“We recognise the need for ‘edge of town’ distribution assets as many firms reshape their operations to address the challenges of the ‘just in time’ delivery model,” Rofe said. 

Four months on, the joint venture has submitted plans to Trafford Council for 83,000 sq ft of industrial accommodation across 11 units. The units will range in size from 2,000 sq ft to 14,300 sq ft.

Satplan is advising on planning and C4 Projects is leading on design. 

The site is located next to the 143,000 sq ft Trafford Retail Park, which Peel L&P sold to UK Commercial Property REIT for £33m last September.

To learn more about this application, search for reference number 108801/FUL/22 on Trafford Council’s planning portal.