PRC Group is the architect behind the new 11 units being built on the trading park. Credit: via VW Communications

Schroder appoints Caddick for £8.5m net zero warehouses

The 11 industrial units at Stanley Green Trading Estate in Cheadle Hulme will be built to BREAAM Excellent standard, designed to achieve an EPC A+ rating, and will be net zero carbon in operation.

The warehouses create a total of 80,000 sq ft of trade counter space at the industrial estate. Schroder REIT’s financial results from the year ending 31 March state the development will cost £8.5m. The GDV of the scheme is £22.5m according to Schroder.

Caddick Construction is expected to deliver the 11 warehouses, as well as a new access road and car park in December.

Philip Scott, fund manager at Schroder, said: “Delivering the next phase of Stanley Green Trading Estate is a key milestone in the business plan and is the latest demonstration of our commitment to sustainable investment.

“On completion, the net zero carbon scheme will be one of the greenest assets both within the SREIT portfolio as well as the region.”

Schroder purchased Stanley Green Trading Estate in December 2020 for £17.25m and earned planning permission for its 80,000 sq ft addition in February. Gerald Eve is the planning consultant and the leasing agent for the scheme, which was designed by PRC Group.

Schroder has been active in the North West, acquiring four industrial assets in the past year for £19.9m, as well as St Ann’s House in Manchester City Centre for £14.7m. The REIT has grown its net asset value 25.4% over the past year, with the current NAV set at £372.2m, according to full-year results posted on the London Stock Exchange.

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