Wilson Bowden Developments has exchanged contracts with the first industrial tenant at its £350m Kingsway Business Park in Rochdale.
Oldham-based Vindon Scientific, which supplies environmental testing devices, is taking 29,480 sq ft on Plot E. The unit will be completed in June 2008.
The plot is the first industrial space to be developed at Kingsway. The unit will be one of five speculative premises ranging from 19,700 sq ft to 56,000 sq ft ready for occupation between March and June 2008.
Jane Dobie, development manager at Wilson Bowden Developments, said: "It's gratifying to play a part in the growth of a local company like Vindon. And the level of interest in the remaining units on Plot E remains strong. We hope to find new neighbours for our first occupier shortly.
"This early commitment to Kingsway from the local business sector underlines the strategic importance of the site to the local economy. Businesses based here can take advantage of the strong labour pool in the Rochdale area and the free service provided by the Kingsway Recruitment Team. The package of benefits on offer to Kingsway occupiers rivals that of any of its competitors throughout the UK."
Kingsway covers 420 acres with 285 acres of net developable area. When completed it will provide 3m sq ft of industrial and distribution space, 295,900 sq ft of office space and 196,400 sq ft of retail and leisure space.
Erinaceous Group and Jones Lang Lasalle are appointed agents on Kingsway.