Harworth Estates has instructed DTZ and Jones Lang Lasalle to jointly select a development partner for its 200-acre Strategic Employment Park at Cutacre near Bolton, North Manchester.
Harworth reckons the former mining site could provide more than 4,000 jobs and deliver up to 3.5 million sq ft of distribution and manufacturing accommodation over the short to medium term, with the first buildings being occupied during 2013, subject to demand.
Tony O’Keefe, director of DTZ’s industrial and logistics team in Manchester, said: “Cutacre has the potential to be the most significant scheme in the region, going a long way to redress the supply imbalance of industrial stock in the north west of England.
“Although the market outlook in the north west region as a whole is improving, expectations remain for a muted recovery, but Cutacre will be at the forefront of all that is positive in the region over the coming years.”
