19th March 2018
ST. MODWEN ANNOUNCES MAJOR INVESTMENT PROGRAMME FOR WARTH BUSINESS PARK IN BURY
WARTH Business Park is set to undergo a £4 million investment programme by St. Modwen, to regenerate the 14.3-acre site.
St. Modwen's investment is underpinned by increasing confidence in the local market and a lack of available office and industrial space in the Bury area.
The multi-let 283,860 sq ft industrial and business park, located between Bury, Radcliffe, the M66 and M60, will be partly reconfigured to deliver new industrial and office accommodation ranging in size from 1,500 sq ft to 50,000 sq ft, as well as significant investment in other existing areas of the site.
Warth is the largest single-ownership industrial estate in Bury and comprises industrial and office space, a business centre, self-storage and storage compounds, and an onsite café.
David Nuttall, Senior Development Manager for St. Modwen, said: "Warth Business Park is a well-known site; it is conveniently located between Bury and Radcliffe and is easy to reach from the M66/M60. It has always attracted good levels of demand from a range of local and national occupiers.
"We have confidence in the local market and know that this investment will help address the current lack of supply in the locality. We have a variety of accommodation on site and a range of good quality tenants. We're looking to build on this solid base, create opportunities for growth and create value by delivering a range of high quality refurbished units for the Bury market."
The investment programme will include the removal of redundant units, the construction of new office accommodation, replacement roofs and a comprehensive installation of new electric, water and data infrastructure. In addition, the business centre will undergo external improvements and significant masonry repairs will be carried out to the original mill building.
Councillor Rishi Shori, Leader of Bury Council, said: "We are delighted to support this superb development by St Modwen. The success of our local economy is vital and is one of our highest priorities. This project will attract new businesses and jobs and complement the regeneration initiatives that are taking place across the borough of Bury."
Warth Business Park, the home of McPherson Paints until the mid-1990s, has been operating as a multi-let business park for more than 15 years. But prior to St. Modwen's acquisition of the site in 2015, investment has been minimal.
Joint letting agents for the scheme are Nolan Redshaw and Davies Harrison.
St. Modwen's professional team for the scheme includes project manager Knight Frank, AEW Architects, mechanical and engineering contractor CPW, planning consultants GVA and engineers Rodgers Leask.
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