A key development site in the UK logistics industry’s ‘Golden Triangle’ in Northamptonshire has been acquired by Liberty Property Trust.
Liberty, Brackmills will accommodate a development of approximately 200,000 sq ft of warehouse logistics accommodation.
Andrew Blevins, managing director of the UK arm of the US-based developer, said: “This site, in the ‘Golden Triangle’ of the logistics sector, represents a rare pre-let opportunity for an end user and will add to our growing UK warehouse and industrial portfolio, which amounts to 1.4 million sq ft.
“We also have 1.4 million sq ft in the development pipeline located at strategic sites in Widnes, Worcester and Lichfield.”
Simon Holley, of development managers Equation Properties, said: “We are delighted to be working with Liberty to provide top quality warehouse logistics accommodation in a highly visible location – the former Howard Paper building – close to the M1, M6 and M42. The park is arguably the UK’s most established and has already attracted significant occupiers such as John Lewis, Wickes, Great Bear, Panasonic and Coca Cola.”
Northampton is at the centre of the UK’s distribution infrastructure, in an area that has become known as the Golden Triangle. Liberty, Brackmills is being marketed by letting agents DTRE and Burbage Realty and with development scheduled to start late 2017/early 2018 they are ready to talk to potential occupiers.