Four units have been disposed of at Vision Park in Burnley, following the completion of the phase one industrial units in February, with deals close on a further three units.
The first phase units are billed as industrial starter spaces and grow-on units of between 1,500 sq ft and 5,000 sq ft, with 34,500 sq ft built out in total.
Long leasehold deals have been agreed with aerospace supplier Protool Precision Engineering and Blackburn Distributions, while 12-month leases have been signed by Bates Box Power and gluten-free specialist Good Food 2 Go.
Two units are under offer with FloControl, while Unit 14 has been reserved under deposit by Production Print Direct, which will be taking a five-year lease.
Trebor Developments is the delivery partner of Burnley Council on the whole of Vision Park, which sits off Princess Way between junction 11 of the M65 and the town centre, close to the Burnley College UCLan site. As part of the Burnley Knowledge Quarter, Vision Park is to comprise up to 130,000 sq ft when complete. Trebor was selected in 2014.
The scheme is supported by a £1.7m loan from the Lancashire Enterprise Partnership Growth Deal and will be managed by Burnley Council.
The second phase of Vision Park is to be offices, with the masterplan allowing for up to 35,000 sq ft to be developed, while phase three remains to be decided, with the opportunity being kept open for design and build projects.
Trevor Dawson and GVA are instructed as joint agents.