Vengrove, the real estate investment management firm, has confirmed it is on track for completion of Evolution, its 200,000 sq ft (18,580 sq m) speculative industrial development at Agecroft Park, Salford. Completion of the new, high quality warehouses is scheduled for Q3 2018.
Evolution is located on Agecroft Commerce Park, Salford and is just 3 miles from the M60 and 5 miles from Manchester City Centre. The location is already home to national and international occupiers, as well as third party logistics providers such as Nimans and Bunzl. The commerce park provides the ideal location for occupiers looking to benefit from excellent connectivity to the UK’s national motorway network via the A580 and the M62.
Unit 1 totals 130,000 sq ft (12,077 sq m), including a 5,000 sq ft (465 sq m) two-storey office and 67 car parking spaces. Unit 2 comprises 70,000 sq ft (6,503 sq m), including a 3,500 sq ft (325 sq m) two-storey office and 87 car parking spaces.
Tim Lucas, Head of Asset Management at Vengrove, comments: “We spent a significant amount of time ensuring the specification of the accommodation was occupier focussed and would attract high quality tenants. There have been good levels of interest to date with various occupier visits and site inspections taking place. This is an exciting development for Vengrove and will provide Grade A warehouse accommodation in a great location, with excellent links to the motorway network and key locations including Manchester City Centre, Manchester Airport, Liverpool 2 (The Port) and Leeds.”
Construction is being completed by Barnfield Construction Ltd.
