Chancerygate has secured planning to speculatively build 140,000 sq ft of industrial space with a gross development value (GDV) of approximately £16.5m in Oldham, Greater Manchester.
The development represents the second phase of our Satellite Park scheme and will comprise 14 units ranging from 3,900 sq ft to 35,000 sq ft.
Set to create more than 250 jobs, the development is located within one mile of Junction 21 of the M60 and construction is anticipated to begin later this year.
Satellite Park’s first phase saw us deliver a new 60,000 sq ft parcel distribution hub for logistics provider DPD. In addition, an existing 17,000 sq ft unit was refurbished and let to plumbing supplies business, Williams & Co.
We have redesigned the original planning application for phase two to address the limited supply of high quality small to medium-sized industrial units in North Manchester.
Commenting on the successful planning application, Chancerygate development director and head of our Warrington office, Mike Walker, said: “We are very pleased to secure consent for this scheme, which will address the lack of supply of modern high quality units in North Manchester and will meet the demand from occupiers looking to serve Manchester city centre and the northern areas of the M60.”
“Parcel delivery companies, online retailers and a number of manufacturers are extremely busy in the current climate, and we anticipate this trend will extend into the long term. We will therefore monitor the market to assess when is the correct time to commence development, which we hope will be later this year.”