Developer Network Space has finished building its 172,000 sq ft speculative scheme in Salford and says it expects the site to be fully let in the coming weeks.
The industrial scheme occupies a 14-acre site on Ravenscraig Road in Little Hulton. It comprises six warehouse units – three detached and self-contained ranging from 29,500 sq ft to 61,000 sq ft, along with a terrace of a further three units ranging from 11,000 sq ft to 19,000 sq ft.
Network Space claims more than 100,000 sq ft is under offer currently, representing almost 60% of the site, and Place North West is awaiting further details.
The company’s development director Joe Burnett said: “We have seen a great level of interest in the scheme, which is testament to its quality and desirable last-mile location, as well as the depth in the market for this type of industrial space.
“We already have occupiers lined up for three units with further deals in the pipeline so expect the site to be fully let very soon.”
Raven Locks is situated in Little Hulton on the outskirts of Salford, within two miles of both Junction 3 and 4 of the M61 and close to Junction 15 of the M60 with access to Manchester city centre, Manchester International Airport and on to Liverpool and the south.
Raven Locks is one of several developments being delivered by Network Space in partnership with InfraRed Capital Partners. As well as warehouse space, the scheme provides secure yards, car parking and electric vehicle charging along with office accommodation and amenities. The larger units offer 10 metre eaves height, dock level access doors and trailer parking.
The architects on the scheme were AEW Architects and the main contractor was Portal Construction NW. Walker Sime was the project manager, EA and quantity surveyor. Asset and property management services have been provided by industrial asset management specialists NSM, which is also appointed as the letting agent for Raven Locks along with JLL and DTRE.
Said Burnett: “By bringing this longstanding brownfield site back into use, it will bring a positive socioeconomic impact to the region by creating timely job opportunities for the local workforce that has been hit by the pandemic.”