The scheme is due to complete next year. Credit: via Barques

Stoford strikes £101m funding deal for Ellesmere Port shed 

Frasers Logistics & Commercial Trust has acquired the 668,000 sq ft industrial unit, which is pre-let to Peugeot on a 15-year lease. 

The £101m forward funding deal will see Stoford develop the unit, located on a 35-acre site at Hooton Park Airfield, on behalf of FLCT. 

Stoford gained planning approval for the project in May, and construction is due to conclude in the second half of 2023. 

The Peugeot unit will be built to BREEAM “excellent” standard and strive for an EPC A rating. 

This is a significant investment that recognises both the quality of the scheme and its strategic importance within an excellent distribution location,” said Dan Gallagher, joint managing director at Stoford.

“We have worked closely with Stellantis [Peugeot’s parent company] to design a modern distribution building with industry-leading sustainability credentials.” 

Robert Wallace, chief executive of Frasers Logistics & Commercial Trust, said: “The forward funding acquisition opportunity presents an excellent opportunity to add a state-of-the-art logistics facility to FLCT’s growing UK logistics and industrial portfolio.  

“With a committed 15-year lease term to Peugeot, a subsidiary of the global automaker Stellantis Group, the property will serve as its national distribution centre upon completion.”

M1 Agency acted for Stellantis Group and Stoford on the leasing and investment sale, and Colliers acted for FLCT. 

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