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Work has completed on the £40 million redevelopment of Vauxhall Industrial Estate in Reddish, Place North West has revealed.
The site’s owners, Western UK Property Group (WUKPG), saw plans approved in July 2022 to modernise the eight-acre site, to deliver 206,000 sq ft of new light industrial units and associated office space, capable of supporting up to 700 jobs at full occupancy and targeting an A-rated energy performance certificate.
Following planning approval in Summer 2022, the demolition of vacant industrial buildings, site remediation and extensive groundworks began in early 2023. Contractors, Hargreaves Contracting, have now completed delivery of the scheme, after being awarded the £15 million contract and starting work in October 2023.
WUKPG director Oliver Lipson said of the scheme when construction began:
“While we’ve seen a significant number of new-build institutional big box sheds for the logistics sector, delivered across the UK, there’s a growing demand for smaller, efficient, modern industrial units for SMEs, including fulfilment, e-commerce and last-mile business to multinational trade counter retailers.
“This scheme should prove to be a strong income-producing asset with a gross development value of £40m, to be held for long-term investment in our property portfolio.
“Vauxhall Trading Estate is positioned in a strong location for Stockport, a major town with continued public and private investment across infrastructure and all real estate asset classes.”
WUKPG has appointed DTRE and Sixteen Real Estate to market the units. Other professionals involved in the project include architects C4 Projects, structural engineers Roscoe and mechanical and engineering consultants King Associates.