Hurstwood has pre-let more than 50% of the units at its new speculative business scheme in Leigh.
Six companies are due to relocate to Leigh Commerce Park when the new scheme completes in quarter one of next year. Aspire Platforms Limited, an existing tenant of Hurstwood’s, is taking 4,850 sq ft. Surefire Protection (UK) Limited, Dirtbike Hubstore Limited and Just Tech IT Limited have secured a 1,144 sq ft unit each and Dolly Bird Studio Limited is to move into a 2,716 sq ft building. All the tenants have agreed five-year leases at the quoting rental level of £10 per sq ft.
Leigh Commerce Park is situated two miles from Leigh town centre, next to the East Lancs Road. The new scheme will comprise three separate blocks of high quality modern industrial and business units starting from 800 sq ft.
Sam Ashworth, Development Manager of Hurstwood Holdings comments: “As owners of the adjacent Leigh Business Park and having had a presence in Leigh for over 14 years with £15 million worth of property on the site, combined with our understanding of the local market, meant that 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.”
Specialist lender, Together Money provided a facility of £1.7m for the second phase of development.
Ritchie Watson, lending director at Together, says: “We recognised the 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.”