Planning approval has been granted for two new industrial developments at the site of a former Carlsberg brewery depot in Wigan, which are set to generate significant investment and employment opportunities.
Leading commercial property developer, Stoford Developments and Oxenwood Real Estate, the UK and European real estate investment management firm, will transform an existing site at Stone Cross Depot, Yew Tree Way, Golborne.
The partners have been given the go-ahead by Wigan Borough Council to commence the refurbishment and extension of an existing building to create Stone Cross 136, a Grade A, 136,000 sq ft warehouse facility.
The scheme – the first for the new partnership – will also see the development of Stone Cross 72, a new-build, 72,500 sq ft Grade A facility to the south of the existing building.
Work is set to start in June 2019 and is expected to reach completion before the end of the year.
Tony Nash, Director, Stoford Developments, said: “This scheme will provide a huge boost to the local jobs market, delivering significant investment in Wigan’s economy and creating new job opportunities. Stone Cross is an established and prime logistics location with an enviable line up of well-respected tenants. Our development of Stone Cross 72 and the refurbishment and extension of Stone Cross 136 will offer potential occupiers a choice of two new high specification industrial/warehouse units with outstanding connectivity in a region that has a shortage of available stock. We are anticipating considerable demand for these new units.”
Stewart Little, co-founder of Oxenwood Real Estate, said: “The purchase of Stone Cross in Wigan and our partnership with Stoford is a natural extension of our strategy within logistics as we look to recycle the proceeds of successful sales undertaken last year. Within markets where we see strong occupational demand, we will build as well as buy and continue to look for similar opportunities.”
Stone Cross Park is a premium industrial development located within the wider Stone Cross employment area, which extends to approximately 32 hectares. Local occupiers include Ansell Lighting, Righton, Cold Move, Alpla and Gefco.
Located six miles to the south of Wigan, the park is within easy walking distance of a range of shops, services and residential areas. It is well connected to the surrounding highway network, being situated adjacent to the A580, East Lancashire Road, in Golborne and is approximately two miles from Junction 23 of the M6, with the M58 to the north, the M62 to the south and the M60 to the east.
The former Carlsberg depot has remained vacant since being closed in February 2018, after 20 years in operation. It was acquired by Oxenwood Real Estate in November last year.
Stoford has completed more than 12 million sq ft of industrial development in the UK, while Oxenwood Real Estate has significant experience investing in UK and continental European logistics real estate markets.
All enquiries regarding Stone Cross Park should be directed to the scheme’s retained agents, Gerald Eve, M1 Agency and DTRE.