Market Leads & Opportunities
Construction of Multiply units starts
Construction of the first three units at Logistics North’s Multiply development in Bolton has started, Harworth Group has revealed.Buckingham Group has begun the construction of three units ranging in size from 46,803 sq ft to 65,198 sq ft as part of the first phase of Multiply, which is being overseen by a joint venture between Harworth and the Lancashire County Pension Fund advised by Local Pension Partnership and Knight Frank Investment Management.Multiply involves constructing ten commercial units totalling approximately 564,000 sq ft across 31.2 acres over the next two years. The first three units are expected to be completed and ready for occupation in November 2017.Harworth has also started the construction of two other commercial units, of 27,500 sq ft and 24,750 sq ft, that will be ready for occupation at the beginning of 2018. Retained agents for all new commercial units are B8 Real Estate and JLL.In addition, two other developments at the site are due to complete in August 2017 with the opening of Greene King’s new Pine Tree Farm pub and the new Costa drive-thru facility.Since it received outline planning consent at the end of December 2013, 2.5 million sq ft of commercial space has already been built, under construction or committed to be constructed at Logistics North, with more than 1,500 people employed on the site currently. Land for just 1.5 million sq ft of commercial development remains available.Harworth Group, formerly UK Coal, is headquartered in Rotherham.
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