The Coalfields Regeneration Trust has secured planning to build a new trade counter development on Manchester Road just east of Wigan Town Centre. The scheme will provide 17,500 sq ft of high quality space over 5 units, with unit sizes from 3,000 sq ft upwards.
Shaun O’Brien, Property Investment & Development Director at Coldfields Regeneration Trust commented:
“We are pleased to announce that we have secured planning consent for the scheme and are close to appointing a contactor to commence construction with works due to start on site in early January 2015. We believe that the timing is right in the market for speculative development given that there has been very little new development over the past 6-7 years since the recession hit which has diminished supply in the market.
“The economy is now starting to improve which is generating occupier demand and this is especially true in the trade count market where occupiers are starting to open new sites across the UK especially linked to the construction industry. We are already talking to a number of trade counter operators on potential pre-lets for the scheme and will be hoping to announce confirmation of some pre-lets early in the New Year.”
Industrial property specialists, B8 Real Estate, have been appointed to market the scheme.