The Manchester-based developer and investor has finished building the 23,000 sq ft first phase of its speculative scheme, with all units fully let.
Hurstwood Holdings said that, following a package of lettings, 16 companies are relocating to Leigh Commerce Park, which is situated two miles from Leigh town centre next to the East Lancashire Road.
The park comprises three separate blocks of industrial and business units starting from 800 sq ft in size. Planning permission has been granted for a second phase of the scheme, comprising a further two units totalling 8,000 sq ft.
The most recent lettings include lift hiring firm Aspire Platforms, which is taking a 6,450 sq ft unit; protective car paint manufacturer Invisible Patterns, which has leased 1,624 sq ft; face mask distributor Masksafe, and cake wholesaler Snackman, both of which have leased 1,572 sq ft each.
Other tenants include Surefire Protection UK, Designer Wetrooms, Timber Building Specialist and LDM Slate Roofing, which have each taken 800 sq ft units on five-year leases at the asking rental price of £10/sq ft.
Hurstwood announced the first string of pre-lets in December, with six companies taking space on the same terms.
The developer also owns the adjacent Leigh Business Park. Its portfolio comprises £160m of commercial and residential property across 100 sites in the UK.
Sam Ashworth, project director at Hurstwood Holdings, said: “Despite the challenges that lockdown presented, we were able to complete work on the scheme only a few weeks later than originally scheduled.
“We were overwhelmed by demand for these units, which is due to the high quality of the build, its strategic location and the fact that we had identified a gap in the local market for smaller units.”
Loan provider Together provided the finance for the speculative development, and Taylor Waver was the retained letting agent for Hurstwood.