Engine of the North, Cheshire East Council’s property development company, advised by CBRE Manchester Office, has compiled a shortlist of interested parties for the 14-acre development site at Earl Road, Handforth, Cheshire.
Following an informal tender process this summer, the shortlisted parties have now been invited to submit their best offer for the site by the end of October. The Council, advised by Engine of the North, plans to select a preferred bidder by the end of the year.
Darran Lawless, Managing Director of Engine of the North, said: “The high number and quality of offers received for the site confirm the site is of national significance.”
“This is to be expected as the site is immediately adjacent to the highly successful Handforth Dean Retail Park on the A34 arterial route. It has a wide range of potential uses, including Employment, Retail, Leisure and Car Showrooms, subject to planning consent.”
CBRE’s Manchester office is the sole agent appointed to market the scheme and Senior Director Colin Thomasson is managing the offers process.
Colin said: “We have received significant interest in the site. The level of enthusiasm is almost unprecedented, and with the shortlisting stage of the process now under way, we remain on track to select the preferred bidder by the end of the year.”
