High-quality sustainable industrial units for SMEs

Thesis

The built environment is responsible for about 37% of all carbon emissions globally. So improving energy efficiency is of the most important factors in achieving Net Zero carbon emissions.

Meanwhile the rise in e-commerce – accelerated by the pandemic – has driven greater investment in urban and last-mile logistics; and factors such as use diversification and re-shoring are helping to sustain demand.

So low-carbon logistics facilities are becoming increasingly attractive to organisations as a way to meet consumer demand, cut operating costs, accelerate their own Net Zero journey by reducing emissions, and future-proof their real estate portfolio against incoming regulation.

Investment

In March 2022, Bridges and our partner Chancerygate acquired, off-market, a 7.85-acre site on London Road, Adlington.
The site is adjacent to the Poynton Relief Road, a £50m highway investment that completed in March 2023, shortening the journey from the site to Manchester Airport to a 10-minute drive.
A planning application for c.165,000 sq. ft. of industrial/warehouses across 11 units, ranging in size from 1,700 to 24,500 sq. ft., was submitted in Q2 2023. These units should prove attractive to SME occupiers.

Outcomes

The development is targeting BREEAM “Excellent” and EPC A. An energy strategy is being developed to demonstrate a commitment to constructing to the targeted EPC rating.
The site had been vacant for a long time, and had only recently been occupied by a construction company as storage space for vehicles and construction materials. The development proposals would create employment space that would support approximately 210 jobs for the local community.