We have secured four land sales at Cheshire Green Industrial Park (Cheshire Green) to further spearhead development at the scheme.
The Park is being partly funded by the Cheshire and Warrington Local Enterprise Partnership (LEP), which has provided a facility to draw up to £3.2million from its Growing Places Fund to unlock the first phase of development.
Plot 1a and 1b, comprising circa 2.8 acres has been acquired by local developer Spitfire Ltd which has undertaken a design and build project of circa 22,000 sq ft for Unette, a Crewe-based specialist packaging business. Cheshire Green represented a prime opportunity for Unette to create the bespoke freehold it had been looking to move to for some time. The unit will be complete in the next six weeks.
In a separate deal, Plot 10 (circa 3.5 acres) has been acquired by TI Midwood, an importer and distributor of screws and fixings. The acquisition provides them the opportunity to create more warehousing and improve operations on site. The company is in the process of master planning the land they have acquired and will be looking to submit a detailed planning application in due course.
North Western Farmers (NWF) has acquired Plot 12 (5.5 acre) to allow for future development. The NWF business is made up of a number of subsidiarises including Boughey Distribution and the acquisition provides NWF the ability to cater for the expansion of the overall business without major upheaval.
Christine Gaskell CBE DL, Chair of Cheshire and Warrington Local Enterprise Partnership said:
Cheshire Green is a perfect example of where the LEP’s Growing Places Fund can deliver significant impact, helping to unlock development where demand clearly exists. This investment in Cheshire Green forms part of a £250m investment programme delivered by the LEP, to ensure we create the right conditions for businesses to grow.
A number of other plots are under offer and interest in the Industrial Park remains strong as the key infrastructure works move into their final stages as Matthew Pochin, director at Legat Owen, joint agents for the scheme with Fisher German, explains:
Cheshire Green Industrial Park represents a unique land opportunity in a key central Cheshire location, providing owner-occupiers the ability to acquire land to develop as they wish. The majority of regional development sites are developer-tied where prescriptive criteria and inflexibility can be off putting to the owner occupier market.
Phillip Posnett, director at Cheshire Green continued:
We are extremely encouraged by these sales to businesses who are very much geared up for growth. With the infrastructure works due to be completed before the end of the year, the Park is very much open for business and we are confident this is the start of future interest in the scheme.