Stockport Council’s flagship multi-let industrial development known as Aurora Stockport is now fully occupied.
As part of the £1 billion investment taking place across the town, Aurora Stockport has transformed a once derelict 18 acre site alongside the M60 into a thriving, high spec 145,000 sq ft industrial park.
The Council identified strong occupier demand in Stockport with very limited supply of good quality industrial accommodation. Built to satisfy this demand and providing units ranging from 9,000 to 47,000 sq ft, occupier interest has been significant from day one which was evidenced by the scheme being 75% pre-let at Practical Completion.
Local, regional, national and international businesses have relocated to the estate from a wide range of sectors including Aerospace, Rail, Home Improvements, Medical and Advanced Engineering.
Cllr David Meller, Cabinet Member for Economy and Regeneration at Stockport Council, said: “Aurora has proved to be a huge success and has set a new standard for industrial space in the area.
“Its fantastic location sitting alongside the M60 has been a big factor in its popularity and it has breathed new life into the area, creating new opportunities and jobs.
“Being born and raised near Aurora, I remember how derelict the site was. Seeing its transformation and how it is now supporting the Stockport economy is something I am incredibly proud of.
“I’m also proud that it is now fully let and along with the success of Stockport Exchange and a host of new businesses opening in the borough, it clearly demonstrates that there is real confidence in Stockport as a great place to do business. Businesses are now realising Stockport’s huge potential – I have no doubt this will continue.”
Steve Capper, Director at CBRE, added: “The quality of the scheme, the excellent location and the environment that Stockport Council has created meant that we could have let these units several times over. Demand in Stockport remains strong which is evidenced by the continued shortage of stock and upward pressure on rents”.