Place strategy

Invesco and Barwood move up to £300m

Investors have submitted plans for 83,000 square feet of logistics space at Trafford as they continue to build their last mile warehousing portfolio.

Invesco Real Estate and Barwood Capital joined forces earlier this year to buy four acres off Neary Way from Peel L&P and announced plans to create a £300m industrial portfolio.

At the time, Andy Rofe, managing director of Invesco Real Estate Europe, said the strategy responded to “pressure on global supply chains”.

“We recognize the need for ‘outskirts of town’ distribution assets as many companies reshape their operations to meet the challenges of the ‘just-in-time’ delivery model,” Rofe said.

Four months later, the joint venture submitted plans to Trafford Council for 83,000 square feet of industrial accommodation in 11 units. Units will range in size from 2,000 square feet to 14,300 square feet.

Satplan advises on the planning and C4 Projects leads the design.

The site is located next to the 143,000 square foot Trafford Retail Park, which Peel L&P sold to UK Commercial Property REIT for £33 million last September.

To learn more about this application, find the reference number 108801/FUL/22 on the Trafford Council planning portal.