FI Real Estate Management (FIREM) has secured planning permission to build 74,000 sq ft of new industrial space at Deeside Industrial Estate.
The approval brings its total North Wales property portfolio to over three million sq ft. Across the 海角视频 it has a portfolio pipeline to build 6.5 million sq ft of new industrial space.
Building work is expected to start next year at Deeside Industrial Estate and will be undertaken by FIREM’s construction division, FI Construction. The business will engage local supply chain partners and support local employment through its wider North Wales community impact plan.
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FIREM’s existing portfolio already makes it the largest industrial land owner in North Wales. To date this has included 2.8 million sq ft of space at Wrexham Industrial Estate, where earlier this month it secured planning consent for a further 150,000 sq ft of new industrial and logistics space, which will bring its investment to Wrexham Industrial Park to £160m.
FIREM is also progressing plans for its 62.8-acre Kingmoor regeneration scheme at the estate. While yet to submit a planning application, it hopes to build - at a construction cost of £80m - one million sq ft of warehouse and office space for logistics and distribution. The developer it said would support a further 1,200 jobs.
Tim Knowles, founder and managing director of FI Real Estate Management, said: “What businesses need is a fresh supply of high quality and flexible space that enables them to achieve their ambitions, whether that is growth, relocating to more sustainable premises or making the most of North Wales’ connectivity. We have a very simple but effective strategy in North Wales; our commitment is to regenerate land to unlock opportunity, create jobs and stimulate productivity, and we look forward to extending this success for businesses in Deeside.”