Chancerygate has started construction on a new Grade A 110,000ft² urban logistics and industrial development in Chadderton, near Oldham. Called Broadway Central, the development will comprise an eight-unit scheme, seven units across two terraces ranging from 7,600ft² to 18,200ft² and one stand-alone unit of 27,000ft². All units are available on a leasehold basis, and once complete the scheme will have a gross development value of around €29.5m (£25m).
Broadway Central is being built by Triton Construction, which won a competitive tender for the €10m (£8.5m) construction contract. Practical completion on the scheme is expected in summer 2023. Chancerygate acquired the 6.58-acre site last July from FO Developments which is a consortium comprising Oldham Council, Grasscroft Property, and Seddon Developments.
The consortium delivered the wider Broadway Green development which is a 121-acre mixed-use scheme on former agricultural land in the Chadderton and Foxdenton Boroughs of Oldham. Broadway Green has a new spine road connecting the A663 Broadway and B6189 Foxdenton Lane. Ultimately it will have up to 700,000ft² of employment space. In addition, there will be 500 new homes and 25 acres of public open space in a linear park.
Chancerygate development manager, Andy Farrer, who is based in the company’s Warrington office, said: “Broadway Central will deliver a high specification, sustainable urban logistics and industrial development to help satisfy the strong demand for this type of accommodation in the North West. The scheme is in a prominent location within the established Broadway Green development, and since receiving planning consent, we have experienced a great deal of interest from prospective occupiers. We look forward to delivering a development that will serve the needs of businesses in the region.”
