Costco Plans To Build 565,000 Sq Ft Distribution Hub On Site
By David Shirt
National law firm Irwin Mitchell's real estate division has advised long standing client Gazeley on the sale of 64 acres of land at G.Park Crick in Northampton to wholesaler Costco. Costco plans to build a 565,000 sq ft distribution centre at the site once it obtains planning, which is expected later this year.
As part of the deal, Gazeley will acquire Costco’s existing 155,000 sq ft distribution centre, which was built by Gazeley at its UK development site, Magna Park Lutterworth.
The Irwin Mitchell team advising Gazeley was led by real estate partner Jo Footitt, working with partner Rupert Dowdell and Associate, Louise Cartwright on real estate issues, along with advice from Holly Trotman on planning issues and David Parton, head of construction, assisted by Vanessa Greaves who advised on construction issues.
Commenting on the deal, Jo Footitt of Irwin Mitchell, said: "We have advised Gazeley on this site since its original acquisition in 2007, including the development of the Butcher’s Pet Care facility in 2010 and the sale to L&G.
"We are delighted to have been involved with the Gazeley team in this latest project, which facilitates Costco’s UK and European expansion."