Maple Grove Developments (part of the Eric Wright Group) has started on site for the second phase of a speculative development at Victoria Trading Estate in Oldham, Greater Manchester.
Located off Drury Lane, phase two, which is being built by Eric Wright Construction, will comprise approximately 14,000 sq ft across four trade counter units.
Phase one, comprising c.40,000 sq ft trade counter accommodation, completed in 2016 and is fully let to national occupiers including Howdens, ToolStation, Sally Salon Services and Euro Car Parts.
Speaking about the scheme, James Scott, director at MGD, commented: “We purchased the site in 2015 as a development opportunity and delivered the first phase of Victoria Trading Estate on a speculative basis. With the second phase now coming forward we will continue to improve our portfolio’s green credentials, whilst enhancing its overall investment value; we will ultimately retain the asset within the Group’s property portfolio.”
Paul Cook, senior director at CBRE, joint agents for the scheme with Nolan Redshaw, continued: “This speculative development will include high quality ESG elements including PV roof panels, EV car charging and a target EPC ‘A’ rating all of which are high on the agenda for occupiers seeking new space. The take-up for phase one was extremely strong and, with a great tenant line-up already established on this exceptionally well managed estate, we are confident that this next phase will be equally well received.”
The project team includes: C4 Projects (architect, project management and QS), XOsquare Consulting Engineers and KGA Engineering.
Work is scheduled for completion in Spring 2024.