Cheshire based Total Developments (NW) Limited has continued its expansion drive with the acquisition of another prime employment development site in Crewe.
The 12.88-acre site is situated in a high profile location on University Way in Crewe and is capable of accommodating up to 160,000 sq ft of new build distribution/manufacturing floor space.
Stephen Wade director at Legat Owen which advised the vendor, Hawkstone Properties (Crewe Green) LLP, commented: “The site at University Way is one of the best development opportunities available in South Cheshire and so it was no surprise that it attracted strong demand. The site was sold after a competitive bidding process for a figure ahead of the guide price of £2.5million.”
Total Development’s Managing Director, Ed Chantler and Director Jonathan Beeson commented: “The development of University Way will build on the success that we have already secured in relation to the adjoining Orion Park Development. The first two phases of our scheme have been let and subsequently sold. Phase three comprising 55,000 sq ft is now nearing completion and we already have very good interest in the units. Our intention is to roll onto University Way and commence construction on a speculative basis thereby bringing badly needed high quality employment floor space to the market.”
Legat Owen has been retained as the sole agent to market the scheme for Total Developments.
Total Developments represented themselves in the deal.