Peel buys business park land from administrators

Peel has bought 192 acres of development land at a Greater Manchester business park after its owners went into administration.

The property group has paid £4.1m for the land at Gibfield Business Park in Atherton, near Wigan.

Previous owners Long Port, a property development group based in the Channel Islands, went into administration in December 2016.

Philip Rothwell, planning director at Peel, says: ”This was a strategic acquisition as this site complements our existing land in the area and provides us with the potential to master plan these landholdings, bringing forward new infrastructure and potentially releasing land for complimentary development.”

The deal is for several tracts of land – an eight-acre fully serviced employment site, 19 acres which has short term development, and 165 acres of agricultural land.

The land is next to Gibfield Business Park and new housing at the northern end of the A577 Atherleigh Way, which provides access to the A580 East Lancs Road to the south.

Andrew Aherne of Aherne Property represented Peel in the deal.