Cole Waterhouse presses on with 300,000 sq ft Salford scheme
The developer has submitted plans for a 16-acre logistics project adjacent to the AJ Bell Stadium, close to the proposed Port Salford tri-modal freight hub.
Cole Waterhouse was under offer for the site for more than a year, with Salford City Council approving in February 2021 the sale of the land, which it held in a joint venture with Peel L&P.
A deal was finally completed for the sale of the site in June.
The scheme will comprise two units, providing 173,179 sq ft and 126,555 sq ft of logistics space, with a target completion date of the third quarter of 2023.
The site is bounded by the Manchester Ship Canal to the south, the AJ Bell Stadium to the west and the M60 Manchester Outer Ring Road Barton Bridge to the east.
It forms part of the wider Salford City Stadium development masterplan and Greater Manchester Western Gateway, a strategic growth location.
George Smith, planning manager at Cole Waterhouse, said: “This superb site sits in a prime location, very close to the port of Salford and is an important element in Salford’s wider ambitions to deliver the UK’s first tri-modal inland port.
“It has huge potential and demand is high for quality sustainable logistics space, in the right location and we are pleased to have been able to submit planning so quickly after exchanging on the land.”
The site is accessed from Salford Western Gateway, with access to the M60 at Junction 11.
The project team includes C4 Projects carrying out architectural services, Henry Riley as project manager, Sixteen Real Estate and DTRE as letting agents and Metis Real Estate as capital markets advisor.
XOSquare is the structural engineer, Terra97 is the geo-environmental consultant, AXIS PED is highways consultant, Novo Integration is building services consultant and Lichfields is planning consultant.
A cross-sector developer, Cole Waterhouse formed a joint venture with US firm Taurus Investment Holdings last October to deliver Anchorage Gateway, a 290-apartment built-to-rent scheme near Salford Quays.
Cole Waterhouse, Taurus, and its UK partner Rowan Asset Management agreed a £45.5m finance facility with Fortwell Capital, which also funded the developer’s 351-apartment scheme No1 Old Trafford.
