Kier Property makes Cheetham Hill buy

Backed by Investec, the company has acquired a 4.9-acre brownfield site a mile north of Manchester city centre for a multi-unit industrial and trade counter development.

The Elizabeth Street site will house a scheme under Kier Property’s Trade City brand. The site sits directly opposite Cheetham Retail Park and adjacent to Manchester Fort Shopping Park.

Kier has a further Trade City development at Artis Park, Winsford, where it worked with Maple Grove Developments and Yorvale.

In all, the Manchester project represents Kier’s 48th UK industrial development – the firm develops larger schemes under the Logistics City brand.

Subject to planning, the proposed scheme will repurpose existing land to deliver new industrial and trade units which will be designed to high specification offering occupiers flexible and energy efficient space, Kier said.

Kier Property managing director Leigh Thomas said: “Elizabeth Street’s employment opportunities are based on the site’s excellent location in an established industrial area of the city, Manchester’s growing population and the limited supply of modern industrial properties to satisfy the requirements of growing businesses in the Greater Manchester area.”

The site has direct access to the city centre via the A665 Cheetham Hill Road and is close to Junction 3 of the M602 and junction 17 of the M60.

Kier was advised by Colliers International.