Joint venture starts on Artis Park scheme - Insider Media

Maple Grove Developments, Kier Property and Yorvale have commenced work on the first phase of their Artis Park scheme in Winsford.

HP Construction has been appointed to the £13.7m industrial and trade counter development, which is located on Road One.

When complete, it will comprise 123,995 sq ft of floorspace across 13 flexible units ranging in size from 3,450 sq ft to 26,620 sq ft.

Nik Puttnam, senior development manager at Maple Grove Developments, said: "We have made excellent progress at Winsford and this timely start on site will cater for the pent-up demand we are seeing in Cheshire for small box and trade counter facilities.

"The scheme will be delivered over two phases; phase one due is to be finished by quarter two 2020, with the second phase scheduled for completion by the end of next year."

Henry Martin, development manager at Kier Property, added: "We have worked hard with our professional team over the last 12 months to design a scheme which provides flexible high quality industrial accommodation and addresses the lack of smaller modern units in the area.

"The scheme has attracted strong interest from both local and national occupiers, and we look to build upon on this progress through the construction phase."

Screwfix has pre-let two of the units on the scheme, with a further site in legals with a national trade counter operator.

The joint venture partners recently secured a cash boost from the North West Evergreen Fund, which is managed by CBRE's investment advisory team, part of CBRE Capital Advisors.

Gerald Eve and Legat Owen have been appointed to market the scheme.

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https://www.insidermedia.com/news/north-west/joint-venture-starts-on-artis-park-scheme

2019-10-17 07:12:24Z
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