Pension scheme funds new units at Kingsway Business Park

450 potential new jobs are on offer after funding has been secured to progress a major employment site at Kingsway Business Park in Rochdale

Funding has been secured from the Greater Manchester Pension Fund (GMPF) to progress the development of three new units at Kingsway Business Park.

The project, brought forward by Wilson Bowden, is believed to have the potential to create workspace for up to 450 jobs across the three warehouse units, ranging between 47,022 and 165,302 sq ft, which will be ready for occupation in summer 2023.

Henry Henson, development manager at Wilson Bowden, said: “We are pleased to once again be partnering with GMPF to deliver the latest high quality, Grade A speculative units at our flagship Kingsway Business Park development, following the delivery of the Monarch 330 scheme last year. Our ongoing speculative development role out across Kingsway is testament to the site’s unrivalled location and the continued strength of the occupier market.

“Our appointed main contractor, Glencar, is already making excellent progress on site and we look forward to handing over all three units to GMPF this summer.”

Councillor Gerald Cooney, chair of GMPF, said: “We are delighted to be partnering with Wilson Bowden to deliver such a prime urban logistics site. The investment will create much needed space and will provide a boost to the local economy, whilst also offering a strong risk adjusted return for the pension fund.”

The scheme is set to be delivered to BREAAM ‘Very Good’ status and the development has already generated strong occupational interest by businesses in the distribution, retail and light manufacturing sectors.