A flooring specialist has become the newest tenant in a £6 million industrial project, marking a significant development at the former Lucozade factory site in Walkden.
The commercial and industrial property firm Towngate has leased three new units at the Walkden scheme, including two taken by flooring distributor Likewise Floors.
New Tenant Welcomed at Industrial Scheme
The former Lucozade factory site in Walkden has been transformed into a modern industrial centre, attracting new tenants to its premises. Towngate has successfully leased three units in this newly developed area, with the renowned flooring distributor Likewise Floors becoming a key occupant. The Walkden scheme is a £6 million investment, now known as Towngate Business Centre.
Likewise Floors has signed a 10-year lease for units 3E and 3F, totalling an extensive 18,197 square feet. This strategic location is expected to enhance the operational efficiency of the flooring distributor, aligning with its growth objectives.
Features of the New Development
The units at the Towngate Business Centre come equipped with state-of-the-art facilities designed to meet modern industrial standards. Features include photovoltaic solar panels, thermally efficient cladding, and air-source heat pump systems, all contributing to the sustainability of the site.
In addition, the premises boast energy-efficient LED lighting and EV charging points, aligning with current environmental directives and the growing emphasis on green energy solutions. Towngate’s commitment to sustainable development is evident in these innovative features.
Strategic Location and Accessibility
Towngate Business Centre is strategically located off Lester Road, with convenient access from Manchester Road West (A6).
The location of the site offers excellent connectivity to major transport routes, significantly benefiting the logistical operations of the tenants.
Completion and Availability
Construction at the former Lucozade factory site was completed last month, transforming it into Towngate Business Centre. The development has resulted in modern industrial units that cater to the needs of varied businesses.
While three units were occupied swiftly, three more units remain available for lease. These units are expected to attract significant interest given the benefits and facilities offered at the site.
Comments and Statements from Key Figures
Tom Lamb, the property manager at Towngate Plc, expressed his enthusiasm about the rapid occupancy of these industrial units. ‘We are thrilled to have completed the two leases so quickly and look forward to welcoming Likewise Group to the site.’
He further added, ‘Working out of such a strategic location will undoubtedly be beneficial to the organisation.’
Representation and Negotiation
Towngate Plc was represented by Will Kenyon of B8 Real Estate in Warrington for the leasing agreement involving Likewise Floors. His role was instrumental in facilitating the transaction, ensuring both parties’ requirements were met effectively.
The representation and negotiation process concluded smoothly, underscoring the collaborative effort between Towngate Plc and B8 Real Estate.
Future Prospects and Industry Impact
The leasing of units to Likewise Floors signifies a positive trend for the development of industrial properties in the region. The successful transition of the former factory site into a modern business hub reflects the adaptability and growth potential of the local economy.
The Towngate Business Centre is poised to become a key player in the regional industrial market, attracting further investments and fostering economic growth.
The strategic leasing of units at the Towngate Business Centre marks a pivotal step in revitalising the former Lucozade site. The amenities and location are expected to attract more tenants, boosting the area’s industrial growth.
This development underscores Towngate’s role in fostering sustainable and efficient business environments, setting a benchmark for future projects in the region.
