Approval granted for £20m speculative logistics and industrial development
Plans for a £20m logistics and industrial development near Oldham have been granted.
Developer Chancerygate, which has a Warrington office, is behind the scheme for 110,000 sq ft of Grade A urban logistics and industrial space in Chadderton.
The speculative development, named Broadway Central, will comprise eight units across two terraces ranging from 7,600 sq ft to 18,200 sq ft and one stand-alone unit of 27,000 sq ft.
Chancerygate said units will be available freehold or leasehold.
Construction is set to commence in May, with completion expected early next year.
The 6.58-acre site was acquired by the developer for £3.8m last July from FO Developments, a consortium of Oldham Council, Grasscroft Property and Seddon Developments.
The consortium delivered the wider Broadway Green development, which is a 121-acre mixed use scheme on former agricultural land in the Chadderton and Foxdenton Boroughs of Oldham.
Broadway Green has a new spine road connecting the A663 Broadway and B6189 Foxdenton Lane.
Ultimately it will have up to 700,000 sq ft of employment space. In addition, there will be 500 new homes and 25 acres of public open space.
Andy Farrer, Chancerygate’s Warrington-based development manager, said: “We’re very pleased to have obtained planning to deliver Broadway Central just nine months after our acquisition. This is a testament to the hard work of our team and the positive and pragmatic attitude of Oldham Council.
“Broadway Central is in an excellent location where there is very little supply of new, high specification industrial units. Therefore, this development is best placed to help satisfy the strong demand for Grade A urban logistics and industrial space that there is for businesses operating both locally and throughout the North West region.”
Agents for Broadway Green are Davies Harrison and Avison Young.
