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Four warehouses to be built on AJ Bell Stadium site after struggle to sell plots
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The Subplot | Freeports, flexible floorspace, financing hotels
9 Feb 2021, 09:00Comments (1)
Welcome to
Place North West.
This week: will a Liverpool freeport with tentacles extending into Greater Manchester become a regional game-changer? With WeWork pondering a return to the acquisitions trail in Manchester, how will the flexible office sector make money and who will make it? Meanwhile,
Subplot takes a look at property industry donations to politics, and examines the tightening investment criteria for hotels.
FREEPORT FIZZLE
Déjà vu all over again
Bids for the UK’s first 10 next-generation freeports closed on Friday, with Liverpool among them and a Greater Manchester site included. Would it deliver for the city-region and the wider North West, or would land supply issues screw it up?
Daniel Whelan
Aluminium and steel stockholder Richard Austin Alloys’ plans for a 37,000 sq ft complex at Northbank Industrial Estate in Irlam, and a Peel L&P recycling facility off Liverpool Road in Eccles are both tipped for approval.
Richard Austin Alloys bought a 2.2-acre plot at Northbank from local landowner North Cheshire Developments for £730,000 in 2018 and wants to redevelop the site into a 33,000 sq ft storage and distribution unit and 4,000 sq ft office.
Subject to planning approval from Salford City Council, the firm would relocate to Northbank, between Cadishead Way and Brinall Road, from its existing regional headquarters off Bessemer Road in Irlam, as part of an expansion strategy.