Stoford Developments, THG break ground on ICON development in UK
June 28, 2019 – Online beauty and wellbeing businesses The Hut Group (THG) and property development firm Stoford Developments have broken ground on logistics and global content creation studio at Icon Manchester Airport.
The 11.6-acre development, named ICON, will comprise THG’s new logistics and content creation studio in a 168,000ft² warehouse, as well as provide 104,000ft² of office space over four floors.
Capable of accommodating up to 2,000 people, the development ICON is a part of THG’s co-location at Manchester Airport which comprises a new 280,000ft² office building at Airport City North.
THG founder and CEO Matthew Moulding said: “Today marks the start of an exciting next step for THG as we continue to expand the Group’s creative content production and logistics capabilities in Manchester.
“We have experienced staggering global growth over the last few years, but our Northern roots are still incredibly important to us, which is why we are building ICON and our new HQ here.
“These facilities will bring thousands of additional jobs to the region and will help transform the area surrounding Manchester Airport into a hub for employment and creativity.”
Icon Industrial, a strategic joint venture by Stoford Developments and TPG Real Estate, will deliver the development, which is planned to be completed in July 2020.
Stoford Developments joint managing director Dan Gallagher said: “We will deliver a highly specified Grade A warehouse/logistics and office development for THG, which will enable it to access its global market, thanks to the superb strategic location of Icon Manchester Airport.
“THG choosing Icon Manchester for their new logistics and content creation studio is of significant importance to Manchester and the scheme, adding to the scheme’s already very strong list of tenants.”
Winvic Construction serves as the principal contractor for ICON development on behalf of Icon Industrial.
THG is planning to break ground on company’s new landmark business campus, ‘THQ’, within the next 12 months.