Harworth will be speculatively developing two new commercial units, totalling 52,000 sq. ft, at their Logistics North scheme, Bolton.
The developer says the move is in response to the continued reported shortage of good quality small units under 100,000 sq. ft in the North West.
Harworth has also revealed a series of ancillary deals at the site, including the sale of a 10,000 sq ft sold c. 10,000 sq. ft to Greene King, the pub retailer and brewer, to construct a Farmhouse Inn in the new year, and 19,500 sq ft to Aldi, who will develop a store.
Harworth will begin the construction of two new speculative commercial units, each totalling 26,000 sq. ft, from January 2017. The units, close to the entrance of the development adjacent to Junction 4 of the M61, will be aimed at occupiers with manufacturing or logistics operations and will be built to Harworth’s ‘R-evolution’ specification, including a BREEAM ‘very good’ rating and office provision.
Logistics North is the North West’s largest live logistics development, with 4m sq. ft of space over 250 acres consented in December 2013 sitting adjacent to Junction 4 of the M61. The past three years has seen 1.5m sq. ft of space already built or under construction, with Aldi completing the construction of their 650,000 sq. ft North West Distribution HQ and MBDA, Joy Global and Exeter Property Group having also completed their units.
Dan Burn, Director at joint letting agents JLL who are advising Harworth, explained: “Whilst the focus to date has been on large scale development, we have received numerous enquiries for smaller units from regionally based occupiers keen to relocate to Logistics North and we are delighted that Harworth have now decided to react to this demand by speculatively constructing two new units.”