Feed, fuel and food distributor NWF Group plc has snapped up a new warehouse which has been built off the A500.
The Nantwich business, which is headquartered in Wardle, has secured a 12-year lease on the 240,000 square-foot building on Crewe Commercial Park.
Ambient grocery distribution and storage specialists Boughey Distribution Ltd – a wholly-owned subsidiary of NWF Group – will operate the ‘Crewe 240’ building which will act as a consolidation hub for a major new customer contract.
Existing warehousing operations at NWF’s Wardle site will continue as normal.
Rob Andrew, company secretary at NWF Group, said: “NWF are delighted to have worked with Panattoni to negotiate the letting of Crewe 240.
“The high bay, high specification unit provides a strategically located distribution facility for the expansion of the Boughey business, with the proximity to the M6 and our existing main warehousing hub at Wardle being a key driver to our decision-making process.”
In addition to Crewe 240, logistics buildings developer Panattoni recently submitted plans to build a new, 305,000 square-foot warehouse – completed with integrated three-storey offices and a security gatehouse – on the same 14-acre plot.
The developer predicts that ‘Crewe 305’ will add £3 million to the local economy per year and bring over 300 full-time jobs.
Dan Burn, development director at Panattoni, said: “We are delighted to have secured a letting to NWF Group plc, so soon after practical completion. This is a significant deal for the North West market and underpins the resilience in demand for well-located, speculatively built warehousing.”
Legat Owen acted as joint agents on the scheme with CBRE and Burbage Realty. Avison Young acted for NWF Group.
Matt Pochin, director at Legat Owen, said: “The success of Crewe as a prime business and distribution location continues with over 500,000 square foot of space taken in the town over the last 12 months. NWF Group are a major part of this success along with Panattoni who have had the vision to invest in Crewe.”
Since 2017, California-based Panattoni has committed to more than 8.5 million square-foot of new projects in the UK with development value of more than £1 billion.
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