Agents are close to securing the first deal at Frontier Park in Blackburn, the logistics development by the Issa brothers’ Monte Blackburn development vehicle.
Around 400,000 sq ft of space is under construction at the 90-acre site. The first of the units, the 185,000 sq ft FP-One, will be ready before the end of the year, GVA said. The 135,300 sq ft Unit 1 Pioneer Court is scheduled to reach completion in spring, followed by Units 2,3 and 4, totalling a combined 80,000 sq ft, being delivered by summer 2019.
Place North West understands that a deal is in solicitors’ hands for “a substantial amount” of space, likely to be one of the scheme’s larger units.
The site was acquired 18 months ago by Zuber and Moshin Issa, co-founders of EG group, the roadside services business.
In September, Frontier Park was officially launched with direct access to a roundabout at junctiob 6 of the M65 completing and a BP petrol station, Spar shop, Subway concession and drive-through Greggs opening. Starbucks and KFC are to follow. On the logistics side, up to 600,000 sq ft of design and build opportunities are available.
Alex Kenwright, Frontier Park development manager, said: “We have developed a strategy that gets the most out of the land but also responds to the region’s demand.
“We have something for everyone, from smaller 20,000 and 30,000 sq ft units up to 400,000 sq ft and almost everything in between, and what’s more, it is being built now.”
B8RE and Trevor Dawson are engaged as agents along with GVA. Andrew Pexton, partner at GVA, said: “We have seen the level of enquires really jump since the steelwork started going up at Frontier Park and now the site is open, interest has peaked again.”
Consent is in place for a 150-bedroom conferencing hotel at the site, with a deal said to be close.
Monte has also looked south in its development ambitions, submitting a planning application for Frontier Park, Banbury, a 30-acre, 500,000 sq ft logistics scheme at junction 11 of M40.