Work begins on Preston development site
Developers HBD and Barnfield have begun construction on an 18-acre strategic development site in Preston.
Known as East, it is located by Junction 31A of the M6 and close to Preston City Centre.
The first phase will see five units of between 10,000 and 21,000 sq ft. There is also has outline planning for industrial and logistics use on the remaining 14 acres, accommodating up to 200,000 sq ft.
Steve Manifold, senior development surveyor at HBD, said: "East can accommodate a wide range of sizes for industrial and logistics use and we already have a lot of interest, which is very encouraging. It’s great to see work starting on site, and we look forward to seeing the scheme take shape."
Tracy Clavell-Bate, head of development and acquisitions at the Barnfield Group, commented: "It’s great to be in a strong position to start speculative construction, on a site that has laid undeveloped for many years.
"We find many end users are often more interested in schemes once we start on the site and we’re confident this scheme will be pre-let/sold prior to completion."
The agents for East are Gerald Eve and Eckersley Property.
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