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Howarth Estates plans £250m Bolton warehouse scheme

wantspacegotspace.co.uk - Howarth Estates plans £250m Bolton warehouse schemeA £250m warehouse scheme has been revealed for the Cutacre site, near Bolton.

Plans for a giant £250m warehouse scheme in Greater Manchester have been unveiled.

Developer Howarth Estates is expected to submit a planning application to Bolton council for the transformation of the Cutacre site in the coming weeks.

The development, next to junction four of the M61 motorway between Over Hulton and Greenheys, will be re-branded as Logistics North.

Planning consultations will begin in Bolton and neighbouring Salford and Wigan boroughs in the next few days.

Howarth will develop the former opencast mine into approximately 247 acres of land for warehouses, factories, offices and other supporting uses.

It is believed discount retailer Aldi is close to agreeing to take the first warehouse at the site – a 500,000 sq ft property, the equivalent of six football pitches. The site will also include a nature site called The Cutacre Country Park.

It will surround the employment development and provide a 558-acre landscaped area for public access, recreation, nature conservation and agricultural uses.

Wildlife areas will be combined with panoramic views across the region to create a unique character for the park.

The development is a response to massive demand for new warehouses from retailers and from parcels companies, thanks to growing internet retailing.

Howarth, until recently a subsidiary of UK Coal, had been expected to develop the site with another property company, or to sell sites to raise cash for UK Coal.

But a change in the company’s ownership now means it can develop Cutacre itself.

Phil Wilson, executive director at Howarth, said: “We are engaging with potential occupiers and hope to be able to agree deals by the summer. The Logistics North site can serve the Greater Manchester market, and we are looking at a range of warehouse units up to 1m sq ft, also at manufacturers and offices users.

“We don’t see this as just a distribution site.

“We have now taken control of the site from UK Coal and have just let a contract to clear and remediate the rest of the site – work we would have done last summer if the wet weather hadn’t made that impossible.

“We hope those site works will be completed by late summer or the autumn.

“Once we have planning permission, we can begin to put the infrastructure in place to serve the first few plots.“

The plans come on the back of it emerging that 3m sq ft of warehouses were to be built at Warrington’s Omega South site.

Posted by The Editor (wantspacegotspace) on 24th June 2013 (updated 01/07/2013)

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