Chancerygate and Northwood Investors’ JV granted planning for 130,340 sq ft last-mile urban logistics development in Manchester

Chancerygate and Northwood Investors’ joint venture (JV) has been granted planning for 130,340 sq ft of Grade A last-mile urban logistics space to be speculatively built at Trafford Park in Manchester.

Called Bridgewater Point, the scheme will comprise 16 units ranging from 5,000 sq ft to 13,000 sq ft. Units on the 5.6-acre site will be available on a leasehold basis and construction work is scheduled to start in January 2023.

Located on Barton Dock Road, the site benefits from excellent access to Manchester city centre and is one mile from junction 9 of the M60. Neighbouring occupiers include Kellogg’s, Amazon, L’Oréal and Adidas.

Bridgewater Point is Chancerygate and Northwood Investors’ debut development since launching the JV last September. The JV plans to target speculative urban logistics development opportunities in key cities throughout the UK over the next 18 months.

Chancerygate development director and head of its Warrington office, Mike Walker, said: “This is an excellent first development for our JV with Northwood. It will showcase exactly the type of high specification, sustainable urban logistics accommodation we will deliver together.

“Bridgewater Point is going to be the first multi-unit development on Trafford Park for more than 14 years and one which will become an enduring, job creating asset for the area.

“We are very confident that there will be strong demand for the units because of the strong latent demand for modern high quality units in Trafford Park.”

Agents for the proposed scheme are JLL and Davies Harrison.

You can learn more about Chancerygate’s development sites across the UK here.

European Regional Development Fund
The project has received up to £20,000,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.  The Ministry of Housing, Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations.  For more information visit https://www.gov.uk/european-growth-funding.


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