Park 66 bucks the retail and industrial trend

25 June 2018 • Posted by matt

SLADEN Estates and Peveril Securities have commenced the construction of a mixed retail and industrial unit scheme at Park 66, Pilsworth, Bury.

The scheme will see Home Bargains, The Food Warehouse, Costa Coffee and KFC open their doors for trading in Spring 2019 and a further 8,790 sq ft of retail space made available in unit sizes from 1,250 sq ft.

“We are delighted to see this brownfield site being redeveloped with retail and much needed industrial units,” said Nigel Jones, development director of Sladen Estates.

“We have secured a strong tenant line up in a tough retail market and are encouraged by the keen interest we have in the remaining retail units.”

The four industrial units, which range from 9,075 sq ft up to 24,212 sq ft, are being developed on a speculative basis and will be ready for occupation in March 2019.

“We knew that there would be keen interest in the industrial space, as there is limited supply of these size units, but with one already under offer and another shortly to be placed into solicitors’ hands, reality has exceeded expectation,” added Jones.

The industrial units will be developed to a high specification and will be available on a leasehold and freehold basis.

Avison Young and CBRE are appointed as agents on the industrial units with LSH, CSP and Knight Frank retained on the retail.

Sladen Estates and Peveril Securities are experienced in delivering high quality developments throughout the UK across a range of sectors and have a development pipeline of circa £800 million.