Harworth Estates has secured its third occupier at Logistics North in Bolton. Joy Global, which makes mining equipment, has acquired an 8.3-acre site for an undisclosed sum.
Joy Global will build a test area, office and storage unit alongside land for open storage and car parking. The New York Stock Exchange-listed company will move to Logistics North from its present base in Ince, Wigan.
Joy Global joins Aldi and MBDA as Logistics North’s first occupiers. Aldi is constructing its 600,000 sq ft facility, which will be its North West headquarters, and distribution centre when it opens in spring 2016. Missile manufacturer MBDA is on site with its 120,000 sq ft facility, due to be operational from early next year.
The sale to Joy Global follows Harworth’s announcement in May that it had completed the first phase construction of the spine road and associated infrastructure, which opened up development plots, including the one purchased by Joy Global.
Outline planning consent was granted in December 2013 for 4m sq ft of distribution and manufacturing space.
Phil Wilson, executive director of Harworth, said: “Logistics North continues to make a significant contribution to the North West’s economy and the swift progress we have made in bringing the site forward for development reflects our expertise at regenerating large, former mining sites.
“The deal with Joy Global reflects the ever-increasing demand for high-quality manufacturing and distribution space in the north of England and we expect to attract more high-calibre occupiers to the site in the remainder of 2015”.
Keith Davies, director of regeneration at Bolton Council, said: “Persuading a high-quality international company to relocate its facility here rather than another part of the country is great news for the region. This news further consolidates Logistics North as one of the region’s key economic development sites and is another big step forward in delivering the council’s economic strategy for Bolton”.
Harworth’s agents at Logistics North are JLL and DTZ.