Region’s largest sustainable industrial development opportunity comes on the market
The North West’s largest sustainable industrial development opportunity is being launched to the market in January following completion of a new motorway link road to service the site.
HPARK is a new 120-acre distribution and industrial park in Heywood providing up to 1.45 million sq ft of floor space across six Grade A units ranging in size from 39,000 sq ft to 688,000 sq ft, with the potential to create more than 2,400 jobs.
The site has an outline planning consent for B2/B8 use, offering clear heights of up to 18m and overall building heights of 23m, and has the potential to provide an operator with up to 1 million sq ft of Grade A distribution space, subject to a further planning approval.
The largest unit H-688, a 688,000 sq ft B8 distribution building, has full detailed planning approval and is ready for construction to begin as soon as an operator is signed.
HPARK is being brought forward by North West property and construction group Russells. The group’s development arm, Russell LDP (Land, Development and Property), is managing delivery of the scheme, which will be built by main contractor Russell WBHO.
Andrew Russell, joint managing director, said: “HPARK provides a new opportunity in the current market for operators looking to specify a bespoke facility to their exact requirements. The availability of the highly sustainable H-688 unit in particular is unique in the region – where there is a current lack of large-scale distribution space under construction –will be an attractive prospect for operators.
“The location is already acknowledged as one of the best in the region for East to West connectivity, as demonstrated by household names located within the wider South Heywood logistics hub. The newly opened motorway link road makes the area even more attractive by reducing journey times thereby cutting fuel costs and carbon emissions.”
A prime logistics location, the area off Pilsworth Road is already home to major brands such as Argos, Kuhne & Nagel, Fowler Welch, Aramex, Martin Brower, and Lineage Logistics.
CBRE and Colliers have been appointed joint agents.
Paul Cook, CBRE senior director industrial and logistics North West, said: “The North West has seen record take-up over the past two years and HPARK has come at the right time to supply much-needed space to support local, national and global operators in the region.
“While there have been a number of major transactions in 2022, across the North West the supply of Grade A space over 100,000 sq ft stands at 1.7m sq ft, circa six months average supply, but 23% is under offer. And of the five biggest spec builds currently under construction, 30% is under offer, making HPARK a genuinely exciting prospect in this market.”
John Sullivan, Colliers’ director of industrial and logistics, added: “The opening of the new link road is a gamechanger for Heywood and makes HPARK one of the best connected sites in the region. The location is within two hours’ drive of almost 30% of the UK population, in an area world-renowned for logistics with a skilled and available workforce, and will accommodate all types of distribution requirements. Providing operators with a highly sustainable building and the chance to design it to their own specification makes HPARK an exceptional opportunity for operators of all sizes within this sector.”