Redsun has appointed Caddick Construction to deliver the £15.7m AVIATOR Phase II, which comprises two new-build warehouses with integral mezzanine offices
Caddick Construction completed AVIATOR phase one in February last year, delivering a 125,000 sq ft warehouse which was let to Survitec Group on a 20-year lease.
It was subsequently acquired by Arrow Capital Partners, who will be funding Phase II of the development as part of its €3bn Strategic Industrial Real Estate (SIRE) joint venture with Cerberus.
AVIATOR Phase II responds to the rise in demand for industrial accommodation and will see two warehouses of 200,000 sq ft and 80,000 sq ft delivered, alongside service yard, parking and landscaping, on a 15-acre plot.
‘Plug the chronic gap in high-quality stock’
Nick Wightman, director at Redsun, said: “We worked collaboratively with the Cheshire and Warrington LEP on the first phase and it was a huge success.
“This second phase will help plug the chronic gap in high-quality stock in the region. This thriving location, close to the motorway network, will appeal to both occupiers and investors.”
Ian Guildford, contracts manager at Caddick Construction, added: “The first phase of development was a huge success and the team is delighted to be working with Redsun again.
“It is testament to our vast experience in delivering high-quality industrial premises and we looking forward to starting the two warehouses next month.”
Located off North Road, the 22-acre site forms part of the Cheshire Science Corridor and benefits from the enhanced capital allowances towards fit-out costs offered by its Enterprise Zone status.
The project team includes Fletcher Rae Architects, Muir Associates and Crookes Walker Consulting. B8 Real Estate and M1 Agency are joint letting agents.
The Caddick Construction team will start on site next month, with completion expected in summer 2022.
