Mon, 19/05/2014 - 06:28
Omega Warrington Ltd (OWL), a joint venture between RBS Real Estate Asset Management and Miller Developments, has secured outline planning consent for 2.1million square feet of logistics and manufacturing space at Zone 7 of Omega, its 575-acre mixed-use regeneration project in Warrington.
Zone 7, a 150-acre site situated on Omega South, will provide build-to-suit development opportunities for units from 75,000 sq ft up to a single unit of over 1 million sq ft.
The outline approval also includes detailed plans for a new access road to Junction 8 of the M62 and a 35 acre Green Heart for wildlife preservation.
The delivery of Zone 7 is set within the context of a wider Omega masterplan which seeks to deliver a high quality, mixed-use development of commercial uses. In total the whole masterplanned scheme is expected to create around 24,000 new jobs for a range of skills in the North West, as well as 1,100 new homes, a school, retail and restaurants/bars/hotel. It is expected further outline planning applications will come forward later in 2014 for residential and mixed-use developments.
Andrew Sutherland, joint managing director for Miller Developments, says: "We and our partners have been working closely on the evolution of the masterplan for a considerable period of time and this represents the first of what we hope will be a series of planning consents that the Council will grant. We have been speaking to a number of potential occupiers over the last 12 months and the delivery of this consent, combined with the almost 1.75 million sq ft of development that is already on site, will provide them with further confidence in our ability to meet their property requirements.”
Helen Gordon, global head of RBS Real Estate Asset Management, says: “Securing outline planning consent for ‘Zone 7’ in Omega South is another significant step forward for this ambitious 25-year brownfield development. It demonstrates our expertise in, and commitment to, bringing forward large scale regeneration schemes that transform redundant sites into areas capable of housing businesses, both large and small, and stimulating employment.”
Construction is well advanced at Omega South on a 583,000 sq ft unit for ASDA after planning was secured in November 2013. The brownfield development project has secured approximately GBP200 million of private sector investment following the success of Omega North and the first phase of activity in Omega South.
Brakes, Hermes, Travis Perkins and ASDA have all committed to Omega with over 1.6m sq ft of logistics premises either open or under construction.
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