LGIM sells Deeside site for £8m development

Maple Grove Developments and Trebor Developments have submitted a planning application for an 87,000 sq ft scheme at Deeside Industrial Estate after purchasing the site from Legal & General Investment Management.

The site sits within the Deeside Enterprise Zone, and the joint venture of Maple Grove and Trebor has outlined plans to build up to four speculatively-developed industrial units. These will range between 10,300 sq ft and 50,000 sq ft, and have been designed by Coventry-based AJA Architects.

The units will be available on a freehold or leasehold basis once complete, and construction will be supported by funding from the Welsh Government’s Property Development Grant. The overall development value is £8m, and the site was purchased for an undisclosed sum.

Legat Owen and CBRE acted for LGIM, alongside JLL as asset manager, while the JV represented itself. Legat Owen and Cushman & Wakefield have been retained as joint agents.

Bob Tattrie, managing partner for the Maple Grove and Trebor joint venture, said he hoped to deliver the scheme “over the next 12 months” subject to planning.

“We work on many schemes with grant funding and are grateful to Welsh Government for supporting this major project, without grant funding it could not be delivered.”