Arrow & Cerberus forward fund Farington Park Phase II

Arrow Capital Partners and Cerberus Capital Management have entered into a forward funding agreement with Caddick Developments to deliver Phase II of Farington Park.

Farrington Park

This new logistics scheme will introduce 8,918.7 m² of Grade A mid-box industrial space, spread across four detached units, making it one of the first speculative forward-funding deals in the North West this year.

Farington Park boasts a strategic location with excellent access to the M6, M65, and M61 motorways, making it ideal for meeting the strong regional demand for high-quality logistics facilities. Construction, led by Caddick Construction’s North West team, is set to begin in May. This development marks the final phase of Caddick’s 50-acre Farington Park site, following the completion of over 51,096.7 m² of industrial space in 2023.

Phase II will feature four units ranging from 1,370.3 m² to 3,065.8 m², designed with sustainability and community in mind. The scheme will include extensive amenities such as a seven-acre ecological park, improved public pathways, outdoor gym, walking trails, cycle storage, and EV charging points. It aims for BREEAM Excellent and EPC A ratings, incorporating sustainable features like photovoltaic panels and solar-ready roofs. This builds on Caddick’s previous €586,000 (£500,000) investment in local ecological and community assets and their broader commitment to place-making and community integration, enhancing existing walking and cycling routes for both workers and residents.

Cormac Dunne, head of Real Estate, Europe at Arrow Capital Partners, said: “We are delighted to add another high-quality UK asset to our SIRE portfolio. To date, the portfolio has delivered in excess of 557,418.3 m² of sustainable, Grade A logistics space globally, and the team is seeking further development sites across the UK and Europe to build on that momentum. We look forward to working with Caddick to deliver a best-in-class scheme in a supply-constrained market.”

Tom Park, associate director at Caddick Developments, added: “Securing funding for Phase II of Farington Park marks another significant milestone, and we’re delighted to be working with Arrow and Cerberus to progress the scheme at pace. The site’s excellent motorway connectivity, combined with high-quality sustainable design, reinforces our commitment to delivering industrial space that offers more than a traditional warehouse solution. Phase II brings much-needed mid-box accommodation to the market and will play an important role in supporting regional growth, employment and evolving funder and occupier demand.”

Caddick was advised by JLL, while Arrow Capital Partners was advised by Christopher Dee.