The recent lettings at Kingsway Business Park signal a significant boost to Rochdale’s commercial landscape. Two prominent companies, Solotech and Cleland McIver, have relocated to the park, aiming to enhance their operations.
Solotech, a world-renowned audio-visual firm, and Cleland McIver, a leading textiles supplier, exemplify the type of businesses attracted to Kingsway’s premium facilities. Their presence is expected to contribute positively to the local economy.
New Tenants at Kingsway’s Imperial Scheme
The Kingsway Business Park in Rochdale has secured two prominent tenants, further strengthening its status as a hub for commercial activity. Solotech, a leading audio-visual technology company known for its collaborations with renowned artists like Coldplay and Stormzy, has taken residence in the 76,418 sq ft Imperial76 unit. Additionally, Cleland McIver, a reputable supplier of household textiles, has occupied the 165,696 sq ft Imperial165 unit. These moves represent a significant expansion for both firms, aiming to consolidate their operations into larger, more efficient premises.
Positive Economic Impact
The Greater Manchester Pension Fund (GMPF), which orchestrated these lettings, highlights the positive economic impact these developments will likely have on the local area. According to Cllr Gerald Cooney, chair of GMPF, such investments are part of a long-standing successful programme aimed at generating commercial returns while positively influencing the economy in Greater Manchester. Both companies are expected to create job opportunities and stimulate economic growth in the region.“These are record-breaking lettings for Kingsway,” said Joe Bostock, the industrial and logistics associate at JLL.
Strategic Location and High-Quality Infrastructure
The infrastructure provided by the park meets the high standards required by modern businesses. Offering Grade A, speculatively-built units, the development allows firms to operate more efficiently and sustainably. These units cater to companies looking to expand their operations while maintaining high operational standards.
JLL and GMPF: A Successful Partnership
The collaboration between the GMPF and JLL has proven to be mutually beneficial, developing a model for securing commercial success while promoting regional economic development. This partnership continues to drive forward GMPF’s objectives of supporting economic growth in Greater Manchester.
Background on Solotech and Cleland McIver
Meanwhile, Cleland McIver continues to grow its influence within the textiles industry, supplying to major UK retailers. The relocation to a larger facility will enable the company to expand its production capacity and improve logistics. This move signifies a critical step in Cleland McIver’s ongoing commitment to enhancing its service to UK retailers.
Record Rents and Future Prospects
As businesses seek to optimise their operations, the demand for high-quality industrial space is expected to continue rising. Kingsway Business Park is well-positioned to meet this demand and is poised for further growth.
Conclusion
The latest developments at Kingsway Business Park highlight the area’s emerging status as a prominent commercial hub. The successful lettings to Solotech and Cleland McIver demonstrate the appeal of the park’s strategic location and quality infrastructure. Looking ahead, Kingsway’s continued expansion is anticipated to bolster the local economy further, providing job opportunities and setting new standards for commercial property in the region.
Kingsway Business Park continues to thrive with the arrival of Solotech and Cleland McIver. These strategic lettings underscore the area’s appeal to high-calibre businesses, setting a precedent for future development.
As investment in Rochdale grows, such initiatives are crucial in shaping the region’s economic future, highlighting Kingsway as a key player in this transformation.
