Gordons teams up with Eshton for £3.5m disposals
PROPERTY investment company Eshton and law firm Gordons are celebrating after an initial four disposals worth £3.5m were completed at the £50m Burnley Bridge Business Park.
Gordons is advising Eshton on disposals at the site, with the two organisations having collaborated over the park since 2008.
Previous activity includes working together on planning issues, finance and grant documentation, the construction team’s appointment and the continuing development phase.
Government-backed Burnley Bridge Business Park is a 70-acre development, at Junction 9 of the M65 and was officially opened by Business Secretary Vince Cable last year.
When complete, the scheme will provide 700,000 sq ft of industrial and distribution space, offering units from 2,000 sq ft upwards, and is expected to create 1,400 jobs.
Catering wholesaler Birchall Food Service, previously based elsewhere in Burnley, is now occupying the Cobalt Building. The company’s arrival means the building now houses one of the largest privately-owned food service depots in the UK.
At Magnesium Court, independent company Townsend Music, headquartered at Great Harwood, near Blackburn, which provides services such as distribution, fulfilment, merchandise and printing, has taken 10,000 square feet on a 999-year lease.
Rossendale-based general builder, electrical contractor and ground works specialist Equinox Building Services is occupying 3,500 sq ft.
In addition, Wakefield-based wholesale electrical supplies, service and solutions provider YESSS Electrical has taken 6,500 sq ft, on an 11-year lease.
Gordons’ team advising on the disposals was led by commercial property partner Ben Lamb, and its other experts working on the site include construction partner Richard Piper.
Leeds-based Eshton was founded in 2001 by brothers James and Jonathan Chapman, and they operate the business alongside fellow director, David Singleton.
Eshton managing director, James Chapman, said: “Gordons has done a fantastic job for us since we started working with them over Burnley Bridge Business Park.
“Where the initial disposals were concerned, they were quick to respond and adopted a very pragmatic approach, getting these deals from the heads of terms to completion stage as soon as possible.
“We’re a happy client and look forward to working with Ben and the team again over future disposals.”
Construction of the first phase at Burnley Bridge Business Park has been delivered with the help of £3.85m from the European Regional Development Fund and support from Lancashire’s Growing Places Fund.
