Canmoor has appointed joint agents to market its recently acquired Lowry Park development site in Newton Heath, Manchester, as the developer prepares the site to commence construction of new high spec accommodation in March 2021.
Colliers International, Lambert Smith Hampton and DTRE have been appointed as joint agents to market the site to potential occupiers. 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.
Lowry Park is situated in Newton Heath, just 4.2 miles from junction 22 of the M60 motorway and 5.2 miles from Manchester city centre. The site, which was formerly home to the Mather’s Foundry, sits amongst major local occupiers such as Travis Perkins, Royal Mail and Fujitsu.
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: “Canmoor’s acquisition and plans for Lowry Park mark an exciting new chapter for this important industrial site, which has been one of Manchester’s greatest employment sites for over 150 years.
“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.