PLASTIC OMNIUM DEAL SECURED AT OMEGA WARRINGTON

PLASTIC OMNIUM DEAL SECURED AT OMEGA WARRINGTON

Major new manufacturing plant comes to the North West

 

Omega Warrington Ltd (OWL), a joint venture between Miller Developments and KUC Properties Ltd, in partnership with landowner the Homes and Communities Agency and supported by Warrington Borough Council and the Cheshire and Warrington LEP, has secured the world-leading European manufacturing company as the first deal to kick-start the new year at Omega Warrington.

 

A £23m forward funding agreement has been secured following approval of a Reserved Matters planning application in November last year, which will see the Plastic Omnium occupy an agreed 240,000 sq. ft. state-of-the-art manufacturing facility within Zone 7, Omega South, expanding its UK presence further in what is a major boost for British industry and the local economy.

 

Andrew Sutherland, joint MD for Miller Developments, partner of OWL, said: “Having secured the North West’s biggest logistics deal in 2014, we are delighted to continue the momentum at the start of this year with a deal that heralds extremely positive news for local employment and the country’s manufacturing sector. Added to the recent deal with The Hut Group, this latest signing reflects the strength of Omega’s offer to the manufacturing and logistics industries, with access to a huge labour pool and manufacturing expertise within a 30-minute drive time from the site. The benchmark has been set for 2015, as we bring forward these developments and hopefully see more pipeline deals come into fruition.” 

 

Plastic Omnium will service its customer network from its new Warrington base, which will also include 20,000 sq. ft. of offices on a c. 20-acres site. The deal represents a significant investment in the UK, which not only bucks national trends but will put Warrington firmly on the map as a major contributor for manufacturing in the North West.

 

Cllr Terry O’Neill, leader of Warrington Borough Council, said: “I am delighted that yet another occupier has chosen to set up at Omega and Warrington. I am especially pleased that this will create hundreds of new manufacturing jobs and also that this represents business investment from an overseas company. Warrington was once again ranked as a top ‘city’ for growth in the recent Centre for Cities report and this announcement is a further endorsement of those findings.”

 

Deborah McLaughlin, the Homes & Communities Agency’s Executive Director in the North West, added: “We have worked hard with our partners over a number of years to transform Omega into a major high-quality employment area. This latest success, which brings yet another significant business to the development, is fantastic news for the people of Warrington and the wider region.”

 

Work on the new accommodation is now underway, with completion due this summer.