Construction has begun on a new industrial development on the site of the former home of The Cartwright Group, the trailer manufacturer which went into administration in 2020.
Wilmslow-based developer Quorum has secured funding from Greater Manchester Pension Fund (GMPF) for the scheme, which totals over 62,000 sq ft of space in two units on an existing mixed use site fronting George Richards Way.
Quorum originally bought the three-acre site from administrators in 2021 and has secured planning permission for a high-quality development of two detached units of 37,119 sq ft and 25,313 sq ft.
The site had been home to The Cartwright Group, which was one of Altrincham’s biggest employers before it fell into administration in September 2020 with the loss of hundreds of jobs.
Demolition has now been completed and Caddick Construction has begun work on site, with the development expected to complete in the autumn.
B8 Real Estate, Avison Young and Knight Frank have been appointed as joint lettings agents. B8 Real Estate advised Quorum on the deal and Avison Young advised GMPF.
Andrew Slater, Director of Quorum, said: “The Broadheath estate is a key industrial location and home to some major businesses.
“The willingness to forward fund speculative developments such as this demonstrates confidence in the future of this location as an investment and employment area. We are delighted to have GMPF as a partner supporting us in the delivery of such a great scheme.”
Will Kenyon of B8 Real Estate, who is the joint letting agent along with Knight Frank and Avison Young, commented: “This scheme will provide much needed industrial stock into the mid-box sector in South Manchester following the record levels of take-up in the region across all size ranges over the past few years. We look forward to securing strong rental levels for the units with good interest from the outset.”