Manchester, UK (PRWEB UK) 13 May 2013
Kingsway Business Park in Rochdale is one of the most active regeneration projects in the country, having been named number eight in a list of the most active regeneration projects in the UK. The list was compiled by the Royal Town Planning Institute’s journal, Planning (planningresource.co.uk), and is a positive step for commercial property in the North West.
Number one on the list is the Queen Elizabeth Olympic Park construction in London, a project which has built 125,600sq miles of the park over the last three years. Kingsway Business Park has moved up the list by one place since 2010, when the same research placed the Rochdale Park at number nine.
In the last three years, 62,670sq miles have been built on 170 hectares of land and the project has surged in activity since 2012. The scheme will offer combined purposes across commercial property, residential homes and industrial uses. At present, there is a chilled distribution warehouse and recycling centre for Asda supermarkets and is expected to include shops, hotels and a crèche by the time it is completed in 2025.
Aside from commercial benefits, the park is expected to assist the local housing economy with David Wilson Homes having already sold 22 homes last year with a further 22 currently under construction. The regeneration project is expected to bring a new lease of life into Rochdale, and the arrival of the Metrolink couldn’t come at a better time for the town. Rochdale is a very affordable town on the outskirts of Greater Manchester to live in, and this injection of business into the local area will hopefully benefit the wider region.
Steve Widdowson, director of commercial property provider Magnus, said:
“Regeneration projects such as this don’t just benefit the immediate area. People from towns across Greater Manchester can commute for work with several modes of transport operating in the area, whilst businesses across the North West will feel a benefit to new commercial enterprises being attracted into the town.”
The easy access to motorways and enhanced public transport routes to major nearby cities makes it a prime spot for investment and growth. Alongside the businesses which will be setting up in the business park, there will be renewed interest in towns and spaces surrounding Rochdale, as well as an increased need for housing and local facilities to accommodate the influx of employment. The success of the Kingsway Business Park will assist in the regeneration of local housing, shopping centres and amenities in the area for locals and businesses alike.
Notes to editor:
Commercial property experts Magnus specialise in providing prime commercial property and office space to let or rent across Manchester, Cheshire and the North West.