The Manchester-based property development and investment company has announced half of a 23,000 sq ft speculative scheme in Leigh has been let before completion.
The Leigh Commerce Park development off the East Lancs Road, is being delivered by Hurstwood’s in-house construction arm and a panel of subcontractors, and is set to complete in the first quarter of 2020.
Upon its completion, six companies are due to relocate. Aspire Platforms is taking 4,850 sq ft, Dolly Bird Studio is taking 2,700 sq ft, and Surefire Protection, Dirtbike Hubstore and Just Tech IT have agreed to take 1,150 sq ft each.
All of the tenants have agreed to take a five-year lease at the rental level of £10/sq ft.
The scheme will comprise three separate blocks of industrial and business units starting from 800 sq ft.
Together Money provided £1.7m for the second phase of development.
Sam Ashworth, development manager of Hurstwood Holdings, said: “As owners of the adjacent Leigh Business Park and having had a presence in Leigh for over 14 years with £15m worth of property on the site, combined with our understanding of the local market, meant that we were confident that there would be a strong demand for these smaller units.
“To have secured these pre-lets so quickly and without even having to offer any incentives or fit outs meant that we had clearly identified a gap with the market and we are pleased with the success to date.”