The developer – a joint venture between Peel Logistics Property, asset manager Mira Real Estate and Canadian investor Ivanhoé Cambridge – has begun construction of two speculative logistics warehouses at a site in Cheshire.
The units will occupy a 12-acre plot next to Junction 8 of the M53 motorway, known as PLP Ellesmere Port.
The two warehouses are 90,000 sq ft and 138,000 sq ft respectively and are being built by Glencar Construction as the main contractor for the scheme.
Completion is targeted for next April. PLP says the scheme is in an “established commercial location” and the development could create up to 350 new jobs when the units are occupied and fully operational.
The units are being delivered to a net zero-carbon standard as defined by the UK Green Building Council, with sustainability features including roof-mounted solar panels, multiple charging points for electric vehicles and the infrastructure to increase these post-construction.
Consultancies Gerald Eve and B8 Real Estate have been appointed as leasing agents for the scheme.
Matthew Fitton, development director at PLP, said: “This is a strong indicator of PLP’s confidence in the North West logistics market. Our plans to speculatively develop in Ellesmere Port also further strengthen our strategic position in the region.”
Jason Print, partner at Gerald Eve, added: “With the supply of speculative and good quality buildings fast running out in the North West, this is a much-needed development.
“Being situated on a motorway junction and designed to be net zero-carbon-ready, the units offer occupiers a premier product in a great location.”