Monte Blackburn, the property & development business of EG Group owners, Mohsin & Zuber Issa, has recently announced plans for a second phase of speculative development at their flagship warehouse scheme Frontier Park Blackburn, located adjacent to Junction 6 of the M65.
This latest phase of development, totalling almost 300,000 sq ft has been designed to provide units of between 50,000 and 150,000 sq ft along with a phase of smaller starter units between 3,000 and 5,000 sq ft. The reserved matters application is pending determination and works are scheduled to start on 1 March 2020. Completion is expected for Q4 this year.
The design and specification of these new units has been heavily influenced by the success of the first phase of speculative development which has seen the following recent lettings: –
- 185,000 sq ft let to MDA, part of Stacci Group
- 30,000 sq ft let to Modular Group
- 77,150 sq ft let to Royal Sanders
- 61,330 sq ft let to Tek-Dry Systems
- 30,000 sq ft under offer
This leaves only 20,000 sq ft of the first phase remaining available.
A further plot on Frontier Park is the subject of Design & Build discussions with a number of high profile occupiers for a new development comprising 250,000 sq ft of bespoke warehouse.
The EG Group showcase forecourt facility and restaurant cluster, comprising Spar, Subway, Greggs, Starbucks & KFC is trading well and is no doubt a key attention of Frontier Park to potential occupiers. The 150 bedroom Hampton By Hilton Hotel will also PC later this year, further adding to the park’s appeal.
Steve Johnson of letting agents B8 Real Estate commented:
“Frontier Park has enjoyed significant success over the last 6 months largely down to the commitment to speculatively build 400,000 sq ft of high quality warehouse space. The scheme has seen significant interest from local occupiers who have had limited opportunities to upgrade to Grade A accommodation but also those from further afield, highlighting the connectivity of being adjacent to the M65 and proximity to the M6. We are confident of achieving a number of pre-lets on this latest phase of speculative development with a number of advanced discussions already underway.”
Alex Kenwright, Development Manager for Frontier Park said:
“The last 12 months have been great for Frontier Park! We have seen take up of 95% of available space, started construction of the hotel and readied the next 300K sqft warehouse phase to kick off construction in the next few weeks. The brothers continued investment to the scheme clearly demonstrates their commitment to the local area and the success of Frontier Park shows the potential of this part of the North West for economic growth. The coming 12 months are looking promising and our aim is to have the park fully complete and let up by spring 2021.”
B8 Real Estate and Trevor Dawson are joint agents on the scheme which is being managed by Kenwright Consultants.