Date published: 08 January 2022
An aerial view of Kingsway Business Park
2021 has been an incredibly successful year for Kingsway Business Park and 2022 promises to be even better.
That’s the message from Henry Henson, director of business development at Wilson Bowden Developments, after a string of prominent occupants and building permits have been secured over the past 12 months.
Kingsway Partnership is a joint venture between the Rochdale Development Agency, the Rochdale Borough Council, Homes England and Wilson Bowden.
Kingsway Business Park is one of the largest developments of its kind in the UK and is less than an hour’s drive from eight million people.
Earlier this year Kingsway fell victim to its own success when all remaining units were recovered, meaning there were no units readily available for immediate occupancy at Kingsway for potential occupants.
As a result, a series of specification developments have been brought forward and are expected to be completed in 2022.
Wilson Bowden Developments has started work on the 7.67-acre site between Sir Isaac Newton Way and Lower Lane, known as Urban Park or Plot G.
The Urban Park units, which range in size from 21,570 square feet to 39,740 square feet, were purchased on a speculative basis by real estate investment firm Urban Logistics REIT. These should end in the summer of 2022.
Henson said: “There is a real pent-up demand from occupiers and investors for prime development sites close to the main highway system, which is why Kingsway is so popular.
“Over the past 12 months, the retail industry has undoubtedly experienced an acceleration in online sales growth due to the Covid pandemic. In turn, this has also had a major impact on the need for additional parcel centers and last mile delivery facilities in the logistics industry, in order to meet the growing trend of fast delivery times for consumers. .
We have also heard from many companies facing overseas supply chain issues throughout the Brexit and Covid periods. As a result, many of the companies we spoke with have rethought their business strategies, which has resulted in more offshoring measures. As a direct result, we are seeing a huge demand for new manufacturing and logistics space at our development sites and in particular at Kingsway.
“We have more opportunities in the pipeline at Kingsway, both in terms of design and build and tailor-made financing opportunities. If you are an occupant or an investor, come talk to us.
Reflecting on a successful 2021, Henson identified five crucial developments at Kingsway this year.
- Amazon Moves Into 216,000 Square Foot Unit Known As “Plot H” or “Kingsway 216”
- Monarch 330 – a 328,000 square foot distribution and warehousing facility on a 17.1 acre site on John Milne Avenue, making it the largest speculative project undertaken by Wilson Bowden Developments in Kingsway
- Funding secured for the completion of Kingsway Business Park Northern Loop Road on Michael Faraday Avenue. The 300-meter stretch of road will cross the Stanney Creek Corridor and help open additional development plots
- Building permit obtained for a 10.8 acre site on parcel J2
- The 11-unit Logic business park in Rochdale has been fully leased, providing 130 jobs in the borough.
Councilor John Blundell, a member of the Economics and Communications cabinet at Rochdale Borough Council and a member of the GDR board of directors, described Kingsway as a “feather in the hat” for the whole of Rochdale. .
“It has been another phenomenal year at Kingsway Business Park and the pipeline ahead is even more encouraging,” he said.