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Aver, a joint venture between NFU Mutual and Ergo Real Estate, has agreed to fund Cole Waterhouse and Peveril Securities’ 330,000ft2 Novus Point [.] ....
Dan Whelan and Neil Tague Cole Waterhouse and Peveril Securities’ hope of bringing forward up to 275,000 sq ft of warehousing close to the AJ Bell Stadium have moved closer after the council approved their bid to buy the site. Place North West understands that the site is now under offer to a joint venture between the two developers, following strong competition for the asset in a market hamstrung by lack of supply of industrial property in good locations. The stadium and its surrounds sit between the A57 and Manchester Ship Canal, close to the M60. Although the land is owned by a vehicle of landowner Peel Group called the City of Salford Community Stadium, the city council holds a charge over the site dating back to when it was first developed. ....