Specialist Stockport lender, Together, has provided a facility of £1.7 million for the second phase of the development at Leigh Commerce Park. Six companies have already announced they will relocate to the industrial park ahead of completion in the first quarter of 2020, occupying over half the space on the site.
Manchester-based Hurstwood Holdings have developed the scheme, and also own and manage the neighbouring Leigh Business Park. The new Leigh Commerce Park will offer smaller units, starting from 800 sq ft within three separate blocks. Hurstwood Holidings’ Development Manager, Sam Ashworth, said:
Having had a presence in Leigh for over 14 years with £15m worth of property on the site, combined with our understanding of the local market, we were confident that there would be a strong demand for these smaller units.
“To have secured these pre-lets so quickly and without even having to offer any incentives or fit outs meant that we had clearly identified a gap with the market, and we are pleased with the success to date.”
The funding from Together will support a second phase of development. Lending Director at the Stockport lender, Ritchie Watson, said:
We recognised potential in this scheme from the beginning and we’re delighted to be on board. The industrial and business units will be a great addition to Leigh and will strengthen the town and surrounding area as a commercial hub. It’s fantastic to see such early success for the Hurstwood team.”
Companies relocating to the site include Aspire Platforms Ltd, Surefire Protection (UK) Ltd, Dirtbike Hubstore Ltd, Just Tech IT Ltd and Dolly Bird Studio Ltd. All have agreed five-year leases at the site next to the East Lancs Road, two miles from Leigh town centre.