Property firm acquires Pendle Court
Commercial property development and investment company, Pendle Projects Ltd, has acquired a 1.5 acre site in Nelson in order to create a new industrial park on the M65 corridor.Situated behind the new petrol station at junction 13 of the M65 off Reedyford Road where Reedyford Mill once stood, the company purchased the site, dubbed Pendle Court, from Yorkshire-based Eshton, the company behind Burnley Bridge Business Park, for an undisclosed sum.
Plans are to develop three or four industrial/warehousing units and construction of the buildings is expected to start in January 2017.The remainder of the site, which spans 3.4 acres, has been retained by Eshton for development.
Mark Taylforth, owner of Pendle Projects, said: “We’ve had our eye on this land for some time, but since outline planning was granted in June 2015, the site was even more attractive.“East Lancashire’s industrial market is historically strong and there’s a lot of demand out there, so much so we have already agreed terms with a local manufacturer for a 10,000 sq ft unit.
“Pendle Court is literally seconds off the M65 and provides access to Lancashire and beyond via a number of motorways, so we’re looking forward to bringing these buildings to the market and delivering a new scheme for the county.”Jonathan Chapman, director at Eshton, said: “Having achieved so much with our nearby development at Burnley Bridge Business Park, we knew there was an appetite for industrial accommodation in East Lancashire.
“When we bought the site, as an investment, in 2003 we knew it had development potential and we’re sure that Pendle Projects Ltd will work hard to deliver a successful scheme.” With appointment of the main contractor expected before Christmas, building work should be complete by October 2017.