Developer Quorum has secured forward funding from Greater Manchester Pension Fund to deliver an industrial scheme in Altrincham, Greater Manchester.
The project comprises more than 62,000 sq ft of space across two warehouses. It will be built on an existing mixed-use site fronting George Richards Way, which the firm acquired from administrators.
Plans have been approved for the construction of 37,119 sq ft and 25,313 sq ft facilities. Caddick Construction has been named as a contractor, with the development expected to complete in autumn this year.
Will Kenyon of B8 Real Estate, which is the joint letting agent along with Knight Frank and Avison Young, said: “This scheme will provide much-needed industrial stock in the mid-box sector in south Manchester following the record levels of take-up in the region across all size ranges over the past few years.”
B8 Real Estate advised Quorum on the deal and Avison Young advised the pension fund.
To send feedback, e-mail evelina.grecenko@eg.co.uk or tweet @Gre_Eve or @EGPropertyNews
Compare and explore the Altrincham market >>
