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MHA assist Cole Waterhouse in getting the green light for new industrial scheme at Newcastle-under-Lyme
Investment and development company Cole Waterhouse, working with funding partner Peveril Securities, has been granted outline planning for a new logistics / distribution scheme on the new 15.9 acre employment site known as Novus Point in Newcastle-under-Lyme.
Consent has been given for 298,000 sq ft, however the site is capable of accommodating up to 360,000 sq ft. The development will support over 130 full time employees during construction and approximately 500 full time roles once the site is in operation.
MHA Architects and Lichfields planning consultants have advised on the application. Metis Real Estate (Metis) has been appointed as capital markets’ adviser for the scheme with Sixteen Real Estate instructed as sole letting agent.