Salford land back on market after deal falls through
A joint venture between Salford City Council and Peel L&P is seeking a buyer for a 4.9-acre plot close to the AJ Bell Stadium after talks with Chancerygate broke down.
Salford City Council, one half of the CosCos joint venture that owns the stadium and surrounding land, agreed to sell the site to Chancerygate for £8.5m earlier this year.
The developer was drawing up plans for a 100,000 sq ft industrial scheme featuring 14 units ranging from 5,000 sq ft to 11,600 sq ft.
However, that deal has now fallen through, meaning the site is back on the market.
Savills is marketing the plot.
Peel L&P, Salford City Council, and Savills were contacted for comment. Chancerygate declined to comment.
The land around AJ Bell Stadium lends itself to industrial development due to its links to the motorway network and the proposed Port Salford tri-modal freight hub.
Nearby, Cole Waterhouse is awaiting approval for a 300,000 sq ft industrial scheme having acquired the land from Peel and Salford City Council in June.
The 15,000-capacity AJ Bell Stadium itself could also soon be sold.
Salford City FC, owned by members of Manchester United’s so-called Class of 92, and rugby union side Sale Sharks want to buy the ground.
Under the proposed deal, the football club would relocate from its current home on Moor Lane in Kersal and share the stadium with rugby union side Sale Sharks.
Rugby league side Salford Red Devils, which currently shares the AJ Bell with Sale, would swap places with Salford City and relocate to Moor Lane, it is understood.
The Sharks and Red Devils currently pay rent to the city council and Peel L&P for the use of the AJ Bell.