DBS Pochin has signed an option agreement for a further 68.8 acres of allocated employment land next to its flagship logistics park, MA6NITUDE, in Middlewich, Cheshire.
The agreement on the land, immediately to the east of the MA6NITUDE site, will enable the park to compete for larger footprint requirements across the region.
Daniel Burn, director at MA6NITUDE, said: “We are delighted to conclude this agreement as it will allow MA6NITUDE to readily respond to requirements of over 300,000 sq ft, which are becoming more prevalent due to the continued growth in e-commerce. Coupled with the strategic location close to Junction 18 of the M6, we are confident that the site will attract strong demand once a planning consent has been secured.”
DBS Pochin has instructed ecologists to undertake the necessary surveys to enable the joint venture partnership to submit a planning application for the land in the second half of 2018.
Dan added: “With a shortage of large stock and land supply in the Cheshire region, we find ourselves in a strong position to bring forward quality employment land which can contribute significantly to the local economy.”
In February, DBS Pochin received planning approval to build 190,000 sq ft of industrial and distribution accommodation which it is proposing to develop on a speculative basis.