Unnamed Investor backs Airport City Distribution Hub

Posted on 23 December, 2014 by Cliff Goodwin

Manchester Airports Group (MAG) has unveiled plans for a landmark 260,000 sq ft distribution hub within the city’s enterprise zone. The Airport City scheme is expected to create hundreds of jobs.

man in airport and airplane in sky

Submitted jointly with logistics developer Stoford — which is working on behalf of an un-named “international investor” — the high-tech complex would be located on an 11-acre plot at Airport City South. The site is adjacent to Manchester Airport’s existing cargo centre with access to Junction 6 of the M56 motorway.

It is hoped outline planning permission for the £100m project will be granted by Manchester City Council early in the New Year. Covering almost one-and-a-half million square feet of distribution floor space, the scheme would include a large warehouse and an adjoining three-storey office building. There would be parking for 45 lorries and 180 cars.

“In response to growing market demand for logistics and industrial property we are progressing this development with Stoford by submitting an outline planning permission for the site at Airport City South,” explained Lynda Shillaw, MAG’s divisional property chief executive.

The group’s planned World Logistics Hub — located at the heart of Greater Manchester’s Enterprise Zone to allow incoming firms to benefit from business rate reductions and other perks — could ultimately attract around 2,000 jobs to the area.

Granted outline consent in 2012, global carrier DHL has already agreed to establish a  37,308 sq ft base at the World Logistics Hub, where it will locate 150 staff.

Describing itself as one of the most significant regeneration schemes in the UK since the 2012 Olympics redevelopment in East London, the scheme’s web site says:  “Designed to offer availability from an early stage, with development opportunities for offices, hotels, advanced manufacturing, logistics and warehousing … The first Airport City in the UK will be an influential business environment where organisations work, meet and collaborate with others.”

Founded in 2001, the Manchester Airports Group is a holding company owned jointly by the ten metropolitan borough councils within Greater Manchester and Australian investment fund IFM Investors. It is now the largest UK-owned airport operator, controlling four British airports: Bournemouth, East Midlands, Manchester and London Stansted Airport.

It’s Airport City development partner, Stoford, specialises in occupier-led, pre-let commercial property developments and has completed more than 10m square feet of industrial, office, retail and hotels projects across the UK.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants