A purpose built distribution warehouse with associated office and parking facilities under construction on a c.10.9 acre site bound by Queens Road, Wolff Road and Musgrave Channel Road.
The site was occupied by a large industrial warehouse building of c.126,500ft2 and smaller ancillary buildings around with yard areas and car parking. Howden UK (formerly Sirocco Engineering Works) occupied the site until closing in 2015.
The site (recently known as King’s Works) was placed on the market by CBRE (on behalf of Titanic Quarter Ltd) in April 2016.
Titanic Quarter Ltd submitted a planning application (LA04/2019/0683/F) in March 2019 proposing to demolish the existing industrial warehouse buildings and develop a warehouse distribution facility, associated ancillary office, van storage, yards and car parking. The application was approved in December 2019.
Demolition of the existing warehouse buildings took place during February 2020 and TSL commenced construction in March 2020.
Construction completed in August 2020. The purpose-built Amazon logistics warehouse comprises a ‘last mile’ distribution facility (c.83,900ft2), ancillary offices (c.7,000ft2), three storey parking structure (479 spaces) and 81 surface parking spaces.
Amazon has reportedly agreed to a 15-year lease with the option to break after 10 years, initially paying £1.7m a year.
The facility was sold to UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) for £27m in October 2020.
