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Neil Tague
The online retail giant is understood to have exchanged contracts for Peel Logistics Property’s site, which can accommodate a warehouse of up to 835,000 sq ft.
PLP was set up in 2015 as a joint venture between Macquarie and Peel Group, with Canadian property group Ivanhoé Cambridge buying into the partnership in 2018.
PLP previously had a flexible outline consent in place for the 37-3-acre K800 site in Knowsley, allowing it to either advance one shed of around 800,000 sq ft or two smaller sheds, in a regional market that is increasingly short of both completed space and oven-ready sites.
The online retail giant is understood to have exchanged contracts for Peel Logistics Property’s site, which can accommodate a warehouse of up to 835,000 sq ft.