Tuesday, August 9, 2022

190,000 sq ft warehouse takes a step forward as plans submitted

Rula Developments has submitted a detailed planning application for the development of a new 190,000 sq ft high specification warehouse unit at J.28, M1.

The proposed warehouse unit is situated on the established Fulwood Industrial Estate and will be built to high specification with strong sustainability credentials, targeting BREEAM Excellent and an EPC A rating. The warehouse will benefit from an oversized dual yard provision, 15m eaves and 50m yard depth.

Subject to satisfactory planning consent, the warehouse will be speculatively delivered with a target completion date of Q1, 2023. M1 Agency and Burbage Realty have been appointed as marketing agents.

Mark Hawthorne of Rula Developments said: “Having recently agreed terms for the site, we looked to quickly bring forward a planning application which, subject to a satisfactory determination, will allow us to then go on and speculatively build out the scheme. J.28 is an established and sought after occupier location and we are confident of delivering a successful development bringing forward further job creation in the area.”

James Keeton of joint agents M1 Agency added: “The submission of the planning application is a positive step forward in the delivery of further new build warehouse space at J.28, which currently has a very low vacancy rate. With continued strong levels of take-up and an intention to speculatively build out, we are confident of quickly securing occupier interest.”

Franco Capella of joint agents Burbage Realty finished by saying: “Fulwood 190 is fairly unique in the area in that we are offering new build warehouse space for sale or to let and an occupier the opportunity to not only lease, but buy their own brand new high specification warehouse unit. Combined with the underlying credentials of strong location and labour supply we welcome a positive planning outcome to enable the development to come forward.”

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