Peel launches north Manchester distribution park onto market
Peel has launched Hareshill Distribution Park onto the market after recently securing planning consent on the 22-acre site which can provide self-contained detached units from 20,000 sq ft up to 370,000 sq ft.
Hareshill Distribution Park is close to junction 3 of the M66 and junction 19 of the M62. Neighbouring occupiers include Argos, JD Sports, Spicers and the Yearsley Group.
Matt Fitton, business parks manager at Peel, said: "Hareshill Distribution Park is now arguably north Manchester's premier distribution location. With the recent B8 planning consent and quality alternative sites and buildings in limited supply, Hareshill Distribution Park is well placed to capitalise on what we hope will be an improvement in the design and build market in 2010. We are also delighted to welcome on board Colliers CRE as joint letting agents to compliment BNP Paribas."
Sara-Jane Preston, senior director of BNP Paribas Real Estate, added: "The inclusion of B8 use in the planning permission for Hareshill will be imperative to its success. In the last quarter of 2009 the North West was the leading region for industrial take-up, accounting for 31% of all deals carried out across the UK.
"Due to a lack of speculative development, supply has started to dwindle in some locations and although the North West still has an adequate amount of stock its nearest rival, the Midlands, it has an estimated 1.8 years of supply remaining which could drive rents up and cause occupiers to consider alternative locations. Therefore, the North West must be able to cater for all requirements, and Hareshill is now in a prime position to offer a complete range of solutions."
Mike Walker, at Colliers CRE, said: "We are delighted to be appointed by Peel Land & Property to join the marketing team on this site, especially as the market for design and build opportunities seems to have improved because of the recent take up of large new build big sheds in the North West generally. This lack of supply of existing buildings, the fact that Heywood is a proven distribution location and that Hareshill Distribution Park has B8 consent means that it will be firmly on the radar as a potential location for big shed enquiries for occupiers looking for space in Manchester and the North West."
The development is expected to bring £15m of investment to the area and up to 500 jobs.