Hurstwood advances £35m Lune expansion
The developer and investor has submitted a masterplan for the business park on New Quay Road west of Lancaster city centre, , including a mixed-use scheme containing 200,000 sq ft of additional industrial space.
Hurstwood Holdings, which acquired the 23-acre Lune Business Park 15 years ago for £5m, also wants to build a café, pharmacy, convenience store and nursery as part of the park’s £35m redevelopment.
The proposed additional industrial units would range in size from 1,000 sq ft to 100,000 sq ft, according to the developer, which expects the masterplan to be signed off by Lancaster City Council early next year.
The masterplan has been drawn up by Baldwin Design Consultancy. Construction is anticipated to start next spring subject to full planning consent, and will be carried out by Hurstwood’s in-house construction and development team.
Broadgrove Planning advised on the submission of the masterplan.
Stephen Ashworth, chairman and chief executive of Hurstwood Holdings, said: “We have spent the last few months carrying out significant demolition and remediation work on site to clear several derelict and unused buildings.
“With floorplates from 1,000 sq ft up to 100,000 sq ft available and the opportunity to design and build bespoke buildings, this will be opportunity for potential tenants to expand or relocate at the established park in the busy city of Lancaster.”
Hurstwood will retain full ownership and management of the entire park following the redevelopment, it said.
