Logicor wins planning for Northwest warehouse

By Liza Helps Property Editor Logistics Matters

THE PLANS envisage the redevelopment of the 20-acre site, to be known as Bolton 330, replacing the facility made up of two 1980s warehouses totalling  335,000 ft2  with a modern single storey warehouse. 

The new facility which will target BREEAM Excellent and an EPC A rating will have 311,500 ft2 of warehouse space, a 2,000 ft2 hub office and approx 13,000 ft2 three storey offices. It will have 22.5m eaves, as well as 32 dock and three level access doors.

Other sustainability features include LED lighting, EV charging points and rainwater harvesting. The office pod will have a green roof to support local biodiversity and there will be an outdoor gym on site employees to use.

Logicor UK managing director Charlie Howard, said: “We’ve continued to see demand for sustainable assets in prime locations grow. Logicor’s Bolton 330 has strong sustainability credentials, which paired with the connectivity of its central location, makes it a unique and compelling offer on the market.”

Construction is due to commence in Q3 2024, with planning completion in Q4 2025. 

It is thought Logicor acquired the property in 2019/2020 in an off market deal. It was valued at £12.45 million as of December 2021 within the LOGICOR 2019-1 UK Plc investors report published in 2022. The property had previously been let to Littlewoods but was shut down in 2018 and has been vacant ever since.

Logicor’s UK portfolio spans over 3 million ft2 in prime logistics and industrial locations, and alongside a focus on developing the UK pipeline, there is a sharp focus on redeveloping key existing assets to support reaching the business’ ambitious sustainability target of a 36% carbon reduction by 2030.