World Freight Terminal one of the new warehouses CGI Columbia Threadneedle p Columbia Threadneedle

RPS Group designed the new warehouses for Columbia Threadneedle at World Freight Terminal. Credit: via Columbia Threadneedle

Work starts on doubling industrial offer at World Freight Terminal

McLaren Construction Group has begun building the first phase of Columbia Threadneedle Investments’ plans at the site by Manchester Airport.

This first phase will see the building of three warehouses totalling 85,000 sq ft at World Freight Terminal. The largest of these will be 36,000 sq ft, while the two smaller ones are 27,000 sq ft and 21,000 sq ft. Planning permission for the project was secured in February.

These industrial units will be constructed on five acres on the corner of Avro Way and Pinfold Lane. This was the site of the SkyChefs production facility, which was demolished earlier this year.

Columbia Threadneedle anticipates that the warehouses will complete next year.

The investor and asset manager aims to start work on the second phase of its World Freight Terminal project in early 2023. This phase consists of 235,000 sq ft of logistics space spread out between seven units. Planning permission for four of these warehouses was secured in July, while the remaining three are awaiting a decision.

The warehouses will be constructed to achieve a minimum BREEAM Excellent rating and an EPC A rating, part of Columbia Threadneedle’s ambition to have its UK real estate portfolio achieve net zero carbon by 2050.

When both phases of the project are complete, Columbia Threadneedle will have doubled the logistics capacity at World Freight Terminal, which it purchased in 2020 from Manchester Airports Group.

Samantha Hadland, asset manager at Columbia Threadneedle, said the company was “delighted” that construction had begun on the first phase of its World Freight Terminal plans.

“This is an exciting project embarked upon with the goal of completely modernising the World Freight Terminal, transforming it into a leading sustainable logistics park,” she said.

“This project responds directly to the increasing freight traffic coming through the airport and capitalising on the strong demand for warehouse units in South Manchester,” Hadland continued.

“Doubling the warehousing space will help serve the evolving needs of freight occupiers whilst driving trade and growth to the region and its businesses.”

Avison Young was the planning consultant and RPS Group was the architect for both phases of Columbia Threadneedle’s development strategy for the site. JLL and Knight Frank are the joint letting agents.

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They really should get a rail freight terminal to support this and the airport…

By Observer

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