Seddon Developments has agreed terms with Naylors Equestrian for the sale of a 15,000 sq ft retail trading facility within its seven-acre Mellor Street development in Rochdale.
Construction will begin on site immediately for the retailer of equestrian clothing and equipment, relocating from smaller premises in nearby Edenfield Road.
Fellow Seddon Group subsidiary Seddon Homes is planning to build 90 units on the remaining 5.5 acres of the Mellor Street plot, released for sale in early 2012.
Peter Atkinson, partner at Naylors, said: "We are obviously taking a sizable risk with this development, but we were keen to be able to acquire a freehold proposition and have a building designed to our exact specification. This is exactly what we have been able to achieve with Seddon Developments.
"The new unit is only a mile away from our current premises which means that we can retain and expand on our existing customer base and provide a greater product offering for the large horse community in Rochdale, Bury and the surrounding areas. We are also hoping to take on a further six to 10 people in the next 18 months as part of these expansion plans."
Jamie Seddon, managing director of Seddon Developments, said: "Naylors is a hugely ambitious company and we are looking forward to providing them with a new retail unit that will fully accommodate their future growth. It is great to be able to report such a success story and we hope Peter and his family will continue to go from strength to strength in their new premises."