Maple Grove acquires 19 acres in Cumbria for 250,000 sq ft industrial scheme
Eric Wright Group’s development business has bought a site located close to Junction 41 of the M6 in Penrith from Raynor Rowen.
Maple Grove Developments acquired the site for an undisclosed sum three years after Raynor Rowen took control of the 19-acre plot.
Outline planning permission for up to 250,000 sq ft of employment space is in place, while detailed planning for site access has also been secured, according to Maple Grove.
James Scott, development director at Maple Grove, said work on the project could begin early next year.
“This acquisition underscores our commitment to supporting commercial growth in Cumbria, and delivering high-quality, strategically positioned industrial, logistics and commercial spaces to meet rising regional demand,” Scott said.
CBRE and Carlisle-based Carigiet Cowen have been appointed as agents for the scheme, which has generated strong interest among would-be occupiers.
Paul Cook, director at CBRE, said: “Interest in the site has been robust, Maple Grove Developments is engaged in pre-let and pre-sale discussions with several potential occupiers.
“Having planning and power already in place gives certainty to businesses looking to move here and further adds to the scheme’s appeal.”
Richard Percival, director at Carigiet Cowen added: “There are very few sites which are so readily accessible from the M6. Penrith 41 really does offer a unique opportunity to secure high-quality new build facilities with the infrastructure and team in place to successfully deliver it.”
The project team includes architect C4 Projects, Stantec, GWB Consultants, and Adams Planning and Development.
Rayner Rowen was represented by Christopher Dee.