Leading commercial property developer Stoford Developments and Oxenwood Real Estate have announced planning approval for two new industrial developments a the site of a former Carlsberg brewery depot in Wigan.
The two new sites will transform an existing site at Stone Cross Depot, Yew Tree Way, Golborne and are set to generate significant investment and employment opportunities.
Stone Cross Park is a premium Tony Nash, Director, Stoford Developments, said: “This scheme will provide a huge boost to the local jobs market, delivering significant investment in Wigan’s economy and creating new job opportunities. Stone Cross is an established and prime logistics location with an enviable line up of well-respected tenants. Our development of Stone Cross 72 and the refurbishment and extension of Stone Cross 136 will offer potential occupiers a choice of two new high specification industrial/warehouse units with outstanding connectivity in a region that has a shortage of available stock. We are anticipating considerable demand for these new units.”
Stone Cross is the first scheme for the new partnership which will also see the development of Stone Cross 72, a new-build, 72,500 sq ft Grade A facility to the south of the existing building.
The plans by the partnership of Stoford & the UK and European real estate investment management firm Oxenwood Real Estate was given the go-ahead by Wigan Borough Council to commence the refurbishment and extension of an existing building to create Stone Cross 136, a Grade A, 136,000 sq ft warehouse facility.
Located within the wider Stone Cross employment area, Stone Cross Park is a 32-hectare premium industrial development six miles south of Wigan.
The park is within easy walking distance of a range of shops, services and residential areas; and is also well connected to the surrounding highway network.
Stewart Little, the co-founder of Oxenwood Real Estate, said: “The purchase of Stone Cross in Wigan and our partnership with Stoford is a natural extension of our strategy within logistics as we look to recycle the proceeds of successful sales undertaken last year. Within markets where we see strong occupational demand, we will build as well as buy and continue to look for similar opportunities.”
Work on the vacant site is set to start in June 2019 and is expected to reach completion before the end of the year.