Tower Business Park is an 8 acre site, at Junction 4 of the M65 Motorway.
The site was purchased in 2015, by Alden Green Ltd, who proceeded to apply for planning permission for new warehouse / industrial units. Various layouts were considered and the initial phase was then implemented.
Phase 1 was a small unit scheme of 17,500 Sq. ft, which attracted tenants such as Wilkies Carpets; Style Quality Flooring; Euro Car Parts; Axchem and Halal Cosmetics Ltd. The phase was let within a few weeks of completion.
Due to the prime location, the larger enquiries were being received and transactions soon followed for Unit G, at 15,000 Sq. ft, let to Prevost – a French compressor line manufacturer. It is the U.K Headquarters.
The next one was Unit D, which was 23,250 sq.ft, which was let to Perspex Distribution Ltd, which is a subsidiary of Lucite. This is the North Western distribution and delivery depot and they relocated from nearby Walker Park. Lucite are a subsidiary of a Swiss multi-national company.
Unit A, at 16,710 Sq. ft, was then speculatively built and has been let to a locally based, but nationally operating stage and lights provider.
The final available unit now, is Unit C, which is under construction and amounts to 31,920 Sq. ft.
So the points to note to achieve a successful scheme are as follows:
- Buy land close to a motorway junction!
- Carry out the early ground treatment, to make the site ready to develop, i.e. in this case, stripping top soil and lime stabilisation.
- Build quality units, i.e. over and above the specification normally provided for speculative development.
- Respond to occupiers demands and treat them like customers, i.e. treat them well.
- Be prepared to put in extra offices, over and above a speculatively built unit, (as most occupiers tend to require extra offices in any case).
- Do not compromise on quality.
NR Insights 