Construction work has begun on Chancerygate's new 110,000 sq ft urban logistics and industrial development in Chadderton, near Oldham.
Dubbed Broadway Central, the Grade A development is an eight-unit scheme, with seven units across two terraces ranging from 7,600 sq ft to 18,200 sq ft and one stand-alone unit of 27,000 sq ft.
All units are available on a leasehold basis, and once complete Chancerygate calculates the scheme will have development value of around £25m.
Broadway Central is being built by Triton Construction and the scheme is expected to be completed summer next year.
Chancerygate acquired the 6.58-acre site last July from FO Developments which is a consortium of Oldham Council, Grasscroft Property and Seddon Developments.
Broadway Central will be part of the wider Broadway Green development, developed by the same consortium.
The development is a 121-acre mixed-use scheme on former agricultural land in the Chadderton and Foxdenton Boroughs of Oldham. Broadway Green has a new spine road connecting the A663 Broadway and B6189 Foxdenton Lane.
The site will eventually have up to 700,000 sq ft of employment space. In addition, there will be 500 new homes built and 25 acres of public open space provided in a linear park.
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Chancerygate development manager, Andy Farrer, said: “Broadway Central will deliver a high specification, sustainable urban logistics and industrial development to help satisfy the strong demand for this type of accommodation in the North West.
“The scheme is in a prominent location within the established Broadway Green development, and since receiving planning consent, we have experienced a great deal of interest from prospective occupiers. We look forward to delivering a development that will serve the needs of businesses in the region.”
Chancerygate currently has more than 3.5m sq ft of industrial space under construction or ready for development across 32 sites ranging from Bournemouth to Edinburgh.
Agents for Broadway Green are Davies Harrison and Avison Young.