the North West
Brand new 60,000 Sqft expansion at Kingsway Business Park Rochdale
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onstruction has started on 11 new industrial units at Kingsway Business
Park in Rochdale ranging in size from 3,000 sq ft to 15,500 sq ft.
The speculative development called Logic@ Kingsway will be completed in March 2019 and will offer occupiers small units to rent next to J21 of the M62.
Barnfield Construction will build the units with Wilson Bowden acting as project managers on the development which totals 60,000 sq ft and will be owned by Rochdale Borough Council.
Councillor Aasim Rashid, Assistant to Cabinet Member for Regeneration at Rochdale Borough Council: “Kingsway continues to be one of the UK’s best performing business parks. The addition
of these small units brings greater opportunities to companies across the borough and will attract other new businesses that are looking for high quality industrial units with direct motorway access”.
Nick Davies, Construction Operations Director, Wilson Bowden: “These are exciting times for Kingsway and this small unit scheme will enable local occupiers to move to high quality premises on the business park”. Tim Webber, Chairman and Managing Director, Barnfield Construction:
“We are delighted to be delivering this prestigious project at Kingsway Business Park. Barnfield has been chosen because of the quality of our work”.
The retained agents for Logic@Kingsway are: BC Real Estate, Barton Kendal and JLL.
Multiply Logistics North partnership signs second tenant
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ultiply Logistics North, the joint venture between Harworth Group plc and the Lancashire County Pension Fund c/o Knight Frank Investment Management, has secured rijo42 as its second tenant for its ‘Multiply’ commercial development scheme at Logistics North in Bolton.
The joint venture has exchanged contracts with rijo42, the UK’s leading supplier of commercial coffee machines, coffee beans and coffee ingredients, for Unit F2/E - a 20,344 sq. ft unit currently being built as part of Multiply’s second phase by Buckingham Group.
rijo42 will take a 15-year lease on the unit once it practically completes in October 2018 at a headline rent for the development of £7.25 psf.
B8 Real Estate and Jones Lang LaSalle (JLL) acted as joint agents for Harworth on the transaction.
rijo42 is the second occupier to sign up to ‘Multiply’, a scheme that will deliver ten commercial units totalling approximately 564,000 sq. ft across 3.12 acres over the next two years. Landscape material supplier Hardscape Products Ltd took
COMMERCIAL PROPERTY MONTHLY 2018
occupation of Unit F2/A, a 44,771 sq. ft unit built as part of Multiply’s first phase of three units, on a 15-year lease in April 2018. Phase 1’s two further units, one of 62,952 sq. ft and the other of 55,556 sq. ft, remain available for immediate occupation.
Phase 2 of the development is currently being built owing to the continued lack of good quality new commercial space in the North West – a further six units of between 18,073 sq. ft and 149,198 sq. ft, including rijo42’s intended unit. Buckingham Group Contracting Ltd has been instructed as the Joint Venture’s principal building contractor with practical completion of all six units scheduled for October 2018.
Harworth Group is also responsible for the delivery of Logistics North, the North West’s largest live commercial development.
Other manufacturing and distribution occupiers at Logistics North include Amazon, Aldi, Lidl, MBDA, Komatsu, Whistl, Costa, Greene King, Vaclensa and Northern Building Plastics, with over 5,500 staff to be employed on-site once Amazon’s unit becomes operational later this year.
Oldham is changing
he borough has always been a great place to do business thanks to a skilled labour force, liveability offer, premises support offer and location close to the M62 and the wider City
region.The borough is one of the 10 Greater Manchester local authorities and is already home to 5,500 plus diverse businesses in a local economy with GVA of more than £3 billion per annum.
Over the last few years though huge regeneration and investment projects have changed the face of the town centre.
The arrival of Metrolink in 2012 – and the town centre line two years later – has not only made it easier for passengers and commuters to visit Oldham, but it has also connected the town to the wider conurbation. The multi-award winning £37m Old Town Hall redevelopment has been transformed into an ODEON cinema with accompanying restaurants. The project has acted as a catalyst for the regeneration of the area, helping to attract businesses to the Independent Quarter. A new Oldham Coliseum Theatre and Culture and Heritage Centre are also in the pipeline.
It’s not just the town centre that is changing. Work has begun at Hollinwood Junction on a £35m scheme to deliver 30-acres of employment space, community leisure and housing – creating more than 700 jobs. Broadway Green - a joint business venture by Foxdenton LLP and Oldham Council, situated in a prime location, near the M62 and M60, will deliver a number of major economic benefits, including around 2,000 jobs and 500 new homes. International brands, such as DPD and Audi, have recently moved, or are in the process of locating into the borough.
Oldham also recognises that if it is to attract people to live and work in the borough we also have to have the right infrastructure in place. House building on council land is being speeded up through relatively simple measures such as making sure we release land to developers with all necessary supporting information including site investigations, legal title pack and planning statements so that construction firms can access and value sites quickly – resulting in a shorter lead in time to start on site. Around £30m is also being invested in expanding or building new schools.
Details of all the support available to you is available at
www.oldham.gov.uk
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