110,000 sq ft urban logistics scheme snapped up by private investor

Developer Chancerygate has sold Broadway Central, its 110,000 sq ft Grade A urban logistics scheme in Chadderton near Oldham to a private investor for an undisclosed sum.

The eight-unit scheme comprises seven 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.

Located six miles north of Manchester city centre Broadway Central is a short drive away from the M60 and M62 motorways.

The scheme is part of the wider 121-acre mixed use Broadway Green, which is delivering 700,000 sq ft of employment space and 500 homes.

Chancerygate development director, Mike Walker, said: “This deal represents the significant efforts to develop Broadway Central, which will help satisfy the strong demand in the North West for high quality, flexibly sized urban logistics accommodation.

“Broadway Central’s strategic location near key infrastructure and sustainable, Grade A units are testament to its attractiveness to occupiers.

“We are delighted to have disposed of all of the units so soon after practical completion.”