Stoford JV secures airport site for £100m logistics development
A new joint venture involving Birmingham-based developer Stoford has acquired a 45-acre brownfield site adjacent to Manchester Airport in order to progress a £100m industrial sceme.
Stoford’s partner in the logistics-focused JV – Icon Industrial – is TPG Real Estate, the real estate platform of TPG.
The partnership has bought the site from the Airport City Manchester joint venture. Financial details of the transaction have not been disclosed.
Airport City Manchester opted to sell the land to capitalise on the strong de... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
