Colliers, Lambert Smith Hampton and DTRE have been selected as joint agents for Canmoor Developments 300,000 sq ft plus Lowry Park scheme in Newton Heath, Manchester.
The 14.08 acre site will be developed on a built-to-suit basis with the developer submitting a planning application for multi-let units totalling 300,000 sq ft, or alternatively the site could accommodate one single unit of up to 315,800 sq ft. Construction is expected to commence in March 2021.
Lowry Park is situated in Newton Heath, just 4.2 miles from junction 22 of the M60 and 5.2 miles from Manchester city centre.
John Sullivan, Director of Colliers International’s Manchester Industrial & Logistics team, who sold the site to Canmoor and has subsequently been retained to market the design & build development opportunity, said: “Demolition of the existing units has begun on site and a planning application has been submitted to construct high specification units for B1, B2 and B8 uses.
“Subject to the necessary planning consents, construction is expected to commence in the Spring. With demand for high quality industrial space continuing and take up reaching all-time highs this year, this new Grade A accommodation will provide a welcome boost to the North West’s development pipeline.”