HBD and Barnfield Group have teamed up to acquire a 62-acre site in Preston, Lancashire, to deliver an 800,000 sq ft industrial and logistics scheme.
Planning proposals for the site were submitted in summer last year, with permission expected in summer this year and infrastructure works to begin in autumn.
The project, which has a GDV of £70m, will sit to the east of the established Roman Way Industrial Estate, with the potential to create a further 1,500 jobs.
HBD managing director Ed Hutchinson said: “Just over a mile from the M6, this site is extremely well located and would no doubt see strong interest from potential occupiers, particularly given the shortage of grade-A space along key corridors.”
Advisors on the deal included JMW Solicitors, Gerald Eve and Eckersley & Co who all acted for the joint venture. Young & Co Property Consultants acted for the vendor, who is a private landowner.
See more property, land and ownership information for Preston>>
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