Pre-let deal with logistics giant at £45m Altrincham development
Newton-le-Willows-based Network Space has agreed a pre-let deal with one of the world’s biggest logistics companies.
Maersk will take a 41,5000 sq ft unit on the Atlantic Street site of Broadheath Networkcentre in Altrincham, where some 206,000 sq ft of workspace is being delivered across 25 units as part of a £45m investment.
Network Space has appointed Bansco to deliver the development at the 11.5 acre former Cartwright Trailer Company headquarters with completion expected this summer.
Simon Eaton, senior development manager at Network Space, said: “This is a fantastic pre-let to a multinational company and represents some 20% of the scheme’s total floor area. Securing Maersk as an anchor tenant in the most prominent unit on site is a fantastic start.
“We are receiving a strong level of enquiries from local businesses and trade occupiers to last mile logistics firms and legal negotiations are ongoing for additional lettings. This best in class scheme will deliver high quality employment space, job opportunities, inward investment and economic growth.”
The regeneration of this brownfield site will see a mix of high quality refurbished space, alongside new builds, creating a modern, multi-let industrial destination. With remaining units available from 2,100 sq ft to 28,500 sq ft, the development has the capacity to create upwards of 400 jobs and provide much needed speculative workspace in the region.
Both Network Space and Maersk are committed to a highly sustainable development and will be targeting low or very low greenhouse gas emissions. Across the wider scheme, Network Space will be targeting EPC A ratings and BREEAM Very Good.
Bansco is working closely with Network Space to seek to reuse and recycle steel and concrete structures on site, resulting in a significant reduction in embodied carbon within the development. Individual units are being designed to accommodate photovoltaic panels to support renewable energy provision and electric vehicle charging will be delivered across the entire scheme.
Chris Liptrott, managing director of Bansco, said: “As a Greater Manchester company, we are delighted to be working with Network Space to regenerate one of the oldest industrialised sites in the area.
“The sustainability credentials of the development, and the quality of the space that is being delivered, is already starting to attract high profile occupiers. The development will create new job opportunities, during construction and after completion, helping to boost the local economy.”
Regional sub-contractors will be involved and local training and employment opportunities will be provided during construction. Once complete, the scheme will have an estimated gross development value of £45m.
The scheme is being supported with a £23.25m loan from Trafford Council.
Jonathan Williams at Savills and Will Kenyon at B8 have been appointed as letting agents for Broadheath Networkcentre by Network Space. The wider professional team includes Walker Sime, project management and quantity surveying and AEW architects.