St Modwen has signed an agreement with Bury Council for the 17-acre Chamberhall Business Park off the A58, two years after being selected as development partner for the project.
St Modwen will deliver an employment-led scheme on the site, brought forward in a number of phases, the first of which will feature units ranging between 2,500 sq ft and 25,000 sq ft.
The developer is being advised by a professional team including Pozzoni Architects, Pinsent Masons, NJL Planning, Atkins, Hopkins Coates, and Rodgers Leask. The agents for the scheme are Nolan Redshaw and Knight Frank.
St Modwen was first picked as development partner by Bury Council for the project in June 2016, following a procurement process starting in January of that year.
The developer said it would now be working through the development agreement to bring forward a planning application for the site, which borders Property Alliance Group’s 20,000 sq ft industrial scheme, known as The Green.
David Nuttall, senior development manager for St. Modwen Midlands & North, said: “Since we were selected as preferred developer by Bury Council, we have been working closely with the Local Authority to develop our plans for Chamberhall Business Park. We have carried out extensive site investigations and analysis of the local market with our professional team, to design a scheme that we believe the local market is looking for.
“The business park is in an excellent location with real potential and fits well within St. Modwen’s development programme in the region and our strategic objective to accelerate our commercial development activity.
“Chamberhall is the only employment-led scheme of this size in the near term in Bury and will provide first class accommodation to allow local businesses to grow and expand, as well providing the facilities for Bury to attract new inward investment into the borough.
“The phased nature of the scheme will also allow us to deal with bespoke occupier requirements who would like to consider design and build accommodation across a range of use classes.”
Pat Jones-Greenhalgh, interim chief executive of Bury Council, added: “Chamberhall is among the first in a series of exciting regeneration schemes that we are progressing at pace. Delivering on our growth agenda is a key priority for the Council in our drive to become financially self-sustaining and Chamberhall will play a vital role in contributing to the achievement of that goal.”