Evander Properties, with British Airways Pension Fund, has bought a further 25 acres of employment land in Chorley, following its pre-let of 420,000 sq ft to Waitrose at Matrix Park.
The site, at The Revolution on Buckshaw Village, has been fully remediated by BAE Systems and will accommodate build-to-suit warehouse and industrial units from 60,000 sq ft to 375,000 sq ft. Evander intends to submit a planning application to Chorley Council as soon as possible.
Jeremy Greenland, managing director of Evander Properties, said; "We are delighted to have secured another strategically located site in the North West, especially given the current lack of supply of good quality 'oven ready' sites in the region."
Daniel Burn of Jones Lang LaSalle, who acquired the site on behalf of Evander, said: "Over the last few years, Chorley has become a hub for distribution centres serving the M6 corridor and the North West region. With its close proximity to three motorways, excellent local infrastructure and critical mass, we are very optimistic that our clients will be able to repeat their recent success at Matrix Park."
Lea Hough & Co acted for the vendors, BAE Systems.