Peel Group subsidiary Peel Investments North is recruiting a team of advisers to undertake a series of studies throughout 2012 as it prepares for development.
The studies will be partly funded by the European Union as Port Salford lies on one of the main trade routes across Europe, categorised as European Transport Priority Axis 26.
Peel is currently procuring via the Official Journal of European Union a professional services team to undertake the detailed design and tender work in relation to phase one and outline designs for the full 100 acre scheme.
The project already has outline consent for 1.6m sq ft in two phases and last week had a bid for £15m approved by the Government's Regional Growth Fund towards initial infrastructure works.
The brief for the studies states they should answer the following key questions supported by clear evidence:
- What is the socio-economic benefit of Port Salford to the UK and EU
- Determine the optimum use for the Port given proximity to the rail network, Manchester Ship Canal and major conurbations
- Determine the scope of Phase 1 in terms of the current market and scope for expansion in the future given an understanding of the Port Salford offer and future trends and changes in the logistics market
The three studies are due to be completed by the end of May 2012. Peel aims is to have the detailed design and tender documents prepared by October 2012.