Tungsten Properties, a UK industrial real estate developer, has purchased the prominent distribution development site at Lyncastle Road, Warrington.
Tungsten Properties bought the site, which totals 11.03 acres, from Travis Perkins plc for 7.5 million pounds (approximately $10 million).
Subject to planning, Tungsten Properties will redevelop the site to build a new commercial warehouse, totaling 243,000 square feet, including office space and 18 dock-levellers.
Additionally, the new warehouse will also feature a 229-car park with new access and will also house over 200 jobs. Subject to planning, demolition works are expected to begin later this year with the unit available from late summer 2021.