A joint venture between Chancerygate and Northwood Investors has obtained planning consent for a 130,340 sq ft last-mile logistics scheme at Trafford Park in Manchester.
The urban logistics scheme, called Bridgewater Point, consists of 16 speculatively developed facilities measuring between 5,000 sq ft and 13,000 sq ft. Those spaces will be offered on a leasehold basis, and works are expected to start in January next year.
Located on Barton Dock Road, the site has links to Manchester city centre and is one mile from junction 9 of the M60. Neighbouring occupiers include Kellogg’s, Amazon, L’Oréal and Adidas.
Bridgewater Point marks Chancerygate and Northwood Investors’ first development since launching the jv in September last year. The jv plans to target speculative urban logistics development opportunities in key cities throughout the UK over the next 18 months.
Mike Walker, development director and head of the Warrington office at Chancerygate, said: “This is an excellent first development for our jv with Northwood. It will showcase exactly the type of high-specification, sustainable urban logistics accommodation we will deliver together.
“Bridgewater Point is going to be the first multi-unit development on Trafford Park for more than 14 years, and one which will become an enduring, job-creating asset for the area.
“We are very confident that there will be strong demand for the units because of the strong latent demand for modern high-quality units in Trafford Park.”
JLL and Davies Harrison are the agents for the scheme.
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