Seven sites bought by waste PFI consortium
THE consortium handling the Greater Manchester Waste Private Finance Initiative has secured more than 34 acres of land across Greater Manchester to develop new waste management sites.
Greater Manchester Waste Disposal Authority and Viridor Laing appointed property consultancy Lambert Smith Hampton’s Manchester office to acquire seven sites, ranging from one to ten acres, for waste management facilities.
The seven sites include 1.4 acres at Rosehill, Stockport; 1 acre at Walmsley, Bury; 4 acres at Boysnope Wharf, Irlam; 8 acres at Longley Lane, Sharston; 1.5 acres at Raikes Lane, Bolton, 9.5 acres at Little Hulton, Salford; and 9 acres at Nash Road, Trafford Park.
Andrew Aherne, head of industrial agency at Lambert Smith Hampton’s Manchester office, said: “The project was extremely location sensitive, with each site having to match the GMWDA’s very precise criteria. As a result, the number of potentially viable sites was limited and, therefore, to acquire all seven off-market is a tremendous achievement.”
The acquisitions form part of the GMWDA’s 25-year private finance initiative waste management contract with Viridor Laing, which was signed earlier in April.
The contract is the largest of its kind in the country to provide waste reduction, recycling, composting, treatment, recovery and disposal facilities for 973,000 households across Greater Manchester.
