Scarborough Group International (SGI), the UK and international real estate investor and developer, today announces that it has been granted a hybrid planning consent by Stockport City Council for its 12.5-acre Orbital 1 development on Junction 1 of the M60 motorway in South Manchester. The development will be a mixed use industrial, trade counter and retail scheme.
Scarborough Group submitted a hybrid planning application to Stockport City Council in December 2015 to deliver the mixed use development. The scheme is centred in one of the most sought after areas of the North West and is within easy reach of Manchester City Centre. Nearby occupiers include Audi, BMW, Volkswagen, B & Q, Decathlon, Pets at Home and The Co-operative Bank.
Preparatory works can now commence on site, ensuring it is ready for the main construction works, which are expected to start in Q4 2016. The first phase will comprise the development of 55,000ft² (5,100m²) of retail space and significant investment in infrastructure. Scarborough Group will begin the works with the construction of a new highway junction, which will provide improved access to the development.
Detailed plans for the 72,500ft² (6,735m²) of Industrial and Trade Counter Units and a 1,500ft² (139m²) café will be submitted imminently. The site has a gross development value of more than £20m (€26m) and is expected to create more than 300 jobs for the local region.
Knight Frank and Davies Harrison are acting as joint industrial agents for Scarborough Group and Lambert Smith Hampton is acting for the retail occupiers respectively. Zerum Consult was instructed as planning consultants.
Kate Howe, associate director, Scarborough Group, said: “We are thrilled to have secured consent at such a prominent and strategically important site. The success of the application has been largely due to the extensive discussions we have had with the local authority over the last 18 months to achieve a use mix and design that meets the needs of both commercial and retail occupiers, as well as complimenting the wider aspirations and regeneration plans for the Stockport area. Orbital 1 will regenerate a highly visible location at the gateway to Stockport and provide a key destination for both retail and industrial users. We have seen very strong occupier demand and are confident that we will announce significant lettings in the near future.”
