Is speculative development back on the radar?

By Trevor Dawson Chartered Surveyors

30 Aug 2018

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After years of little or no speculative development due to the property crash in 2007 / 2008 there are signs that speculative development might be back on the radar for the M65 corridor.

The industrial market has continued with high levels of demand but became somewhat static due to the lack of speculative development.

Leading the way is Frontier Business Park at Junction 6 of the M65 where Monte Developments are well under way with Frontier Park One and Pioneer Court with construction committed for units ranging from 18,950 sq.ft. to 185,000 sq.ft.

Moving further along the M65 corridor work continues at Junction 4 by Aldergreen on their industrial scheme.

Trebor Developments in conjunction with Burnley Borough Council have recently completed the first phase of Vision Park providing small B1 units for high tech businesses and a further phase of units ranging from 2,500 to 5,500 sq.ft. Despite only being on the market for three months the development is already at 50% occupancy.

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