NewCold has acquired a 23.5 acre (9.5 hectare) site in Corby (UK) from Warmflame Developments for an undisclosed sum, subject to planning.
The site will see a phased development of up to 637,589 sq ft (59,234 sq m) of bespoke temperature controlled facilities, making it the largest site of its kind in Europe. Subject to planning approval, building is expected to begin later this year.
NewCold describes itself as the fastest growing specialist in automated cold storage, with a global network spanning three continents. Temperatures within its units drop to lows of minus 26 degrees Celsius, providing food safety in a sustainable and energy efficient way, whilst keeping supply chain costs low by enabling consolidated distribution for occupiers.