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network space developments

NETWORK SPACE FORWARD SELLS TUNSTALL ARROW PHASE TWO 

Network Space Developments (NSD) has exchanged contracts to sell  the second phase of its popular Tunstall Arrow scheme in Stoke-on-Trent, to 4th Industrial for an undisclosed sum ahead of its completion. Construction work is progressing well on the 2nd phase of this successful scheme which will provide an additional 111,000

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NETWORK SPACE SECURES PLANNING PERMISSION FOR BROADHEATH NETWORKCENTRE IN ALTRINCHAM

Network Space has secured planning permission for the redevelopment of the former Cartwright headquarters on Atlantic Street in Altrincham, Greater Manchester. Broadheath Networkcentre will include a mixture of high-quality refurbished space alongside new builds, creating a modern, multi-let industrial site designed to attract a variety of businesses. The development will

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NETWORK SPACE ACQUIRES DEVELOPMENT OPPORTUNITY IN WARRINGTON

Network Space has acquired a high profile 4.8 acre (1.92ha) site in Warrington for an undisclosed sum. The site on Winwick Road, approximately 1 mile from junction 9 of the M62, was sold by National Grid and offers a prime redevelopment opportunity within easy reach of Warrington and the motorway

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STEELWORK COMPLETED ON £54MILLION GLASS FUTURES’ DEVELOPMENT

Work is on schedule at the £54million Glass Futures Global Centre of Excellence in St Helens with the steelwork structure now completed. Contractors Bowmer + Kirkland, who started on site in January, say the next phase of the scheme is already underway with the cladding and external elevations expected to

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NEW TECHNICAL DIRECTOR APPOINTED AT NETWORK SPACE

Engineer and technical consultant Tony Fox is joining commercial real estate developers Network Space Developments (NSD) as its Technical Director. Tony joins from Tetra Tech/ White Young Green where he has worked for more than 20 years, consulting extensively with Newton Le Willows-headquartered Network Space during that time. Amongst other

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PLANNING SECURED FOR £24MILLION DEVELOPMENT IN YORKSHIRE

Network Space has secured outline consent for a £24million industrial development at Vector 31 West in Rotherham, close to Junction 31 of the M1. Network Space will now advance plans for up to 254,000 sq. ft of E(g), B2 and B8 employment space on the 22-acre site. Indicative plans approved

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NETWORK SPACE DEVELOPMENT PROGRESSES ON SALFORD RAVEN LOCKS’ SCHEME

Steelwork now underway on the Ravenscraig Road site. Construction is now under way at the Raven Locks, a 172,000 sq ft speculative industrial scheme in Salford, following the appointment of Portal Construction NW Ltd as main contractors. Portal Construction NW were appointed to undertake works on the 14-acre Ravenscraig Road

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Latest Issue

BDC 317 : Jun 2024

network space developments

NETWORK SPACE FORWARD SELLS TUNSTALL ARROW PHASE TWO 

Network Space Developments (NSD) has exchanged contracts to sell  the second phase of its popular Tunstall Arrow scheme in Stoke-on-Trent, to 4th Industrial for an undisclosed sum ahead of its completion. Construction work is progressing well on the 2nd phase of this successful scheme which will provide an additional 111,000 sq. ft of industrial and logistics workspace on a 7.3 acre site. Caddick Construction started on site in November 2021, and are just over halfway through the build, with completion anticipated in Autumn 2022. Phase Two will deliver five high-specification highly sustainable business premises for industrial or logistics uses, ranging from 13,400 sq ft to 31,000 sq ft. Phase One of Tunstall Arrow, which opened in 2018, was sold by Network Space to 4th Industrial in February 2021.  The scheme proved extremely popular being fully let prior to completion to a host of international tenants including – DHL Express, Boels Rental, Q-railing, Pramac Generac and SG Fleet. Other major occupiers in the area include Churchill China and JCB. Acquired by NSD in 2013, the Tunstall Arrow scheme covers 28 acres of a former colliery site adjoining the A527 (James Brindley Way) in Sandyford, Stoke-on-Trent. The scheme is close to the A500 with access to Junction 16 of the M6 only minutes away. Simon Peters, Development Director at NSD, said: “The Tunstall Arrow development has been a huge success story in terms of delivering sustainable employment and inward investment benefits for Stoke on Trent. “We are delighted to have exchanged contracts for the sale of Phase Two to 4th Industrial. This is the third scheme they have acquired from us and follows Tunstall Arrow Phase One and Ashroyd in Barnsley. Demand for well-located urban logistics and industrial space is extremely high and interest in Tunstall is strong. ” B8RE Investment Director Simon Wood added: “Following on from the sale of Phase 1 it has been fantastic to have been involved in the forward sale of Phase 2. Not only has it been really encouraging to see continued strong investor appetite for high quality schemes such as this but also Tunstall emerging as a really strong and recognised industrial location for investors and occupiers alike.  Congratulations to both Network Space Developments and 4th Industrial on another successful deal.” 4th Industrial Managing Director, Derek Heathwood, said: “We are delighted to have agreed another deal with NSD providing real scale at this prime location. The acquisition of Tunstall phase 2 continues our investment theme of purchasing high quality, multi let industrial estates with strong ESG credentials in key target UK sub-markets. There is already significant interest in the units and we look forward to completing this purchase when the development is at practical completion.” Tunstall Arrow is a priority development for Stoke on Trent City Council, being one of the six sites in the Ceramic Valley Enterprise Zone. The CVEZ has potential to create up to 6,700 jobs and deliver 3.3 million sq ft of commercial space across six sites along the A500 corridor.

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NETWORK SPACE SECURES PLANNING PERMISSION FOR BROADHEATH NETWORKCENTRE IN ALTRINCHAM

Network Space has secured planning permission for the redevelopment of the former Cartwright headquarters on Atlantic Street in Altrincham, Greater Manchester. Broadheath Networkcentre will include a mixture of high-quality refurbished space alongside new builds, creating a modern, multi-let industrial site designed to attract a variety of businesses. The development will deliver 205,000 sq ft of accommodation across 25 units, with workspace available from 2,100 sq ft to 39,500 sq ft.   A highly sustainable development, Network Space will reuse and recycle existing steel and concrete structures on site, resulting in a significant reduction in embodied carbon in the development. The units are also designed to accommodate photovoltaic panels for renewable energy provision and electric vehicle charging on all units. Simon Eaton, Senior Development Manager at Network Space Developments, said: “With planning permission now secured, we can fully commence our development of this well-located and highly popular site which will appeal to local businesses, trade occupiers and last mile urban logistics firms. “We have already received very strong interest in the scheme from a range of businesses and with demolition already well underway, we hope to have units ready for occupation in early 2023. The scheme aligns perfectly with our strategy to deliver high quality, highly sustainable developments in key urban ‘last mile’ locations.  We look forward to working closely with Trafford Council to deliver a scheme the borough can be truly proud of.” Network Space commenced the demolition in early May and are aiming for practical completion in early 2023.The scheme is set to revitalise the site, creating upwards of 400 new jobs and providing much needed speculative workspace in the region. Once complete, the scheme will have an estimated GDV of £45m. Jonathan Williams at Savills and Will Kenyon at B8 have been appointed as letting agents for Broadheath Networkcentre. The wider professional team includes Walker Sime, project management and quantity surveying, AEW architects and Spawforths is the planning advisor.

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Network Space Developments secures planning approval for 94,500 sq ft speculative industrial unit in South Yorkshire

Network Space Developments (NSD) has been granted detailed planning approval by Barnsley Metropolitan Borough Council for the final phase at the successful Ashroyd Business Park, Barnsley close to M1 Junction 36. The detailed Reserved Matters approval is for a detached 94,500 sq ft unit comprising 90,000 sq ft at ground level and 4,500 sq ft of first floor office. The building offers 110 car parking spaces, a clear height of 12 metres internally, 8 dock levellers, 2 level access doors, and a large secure 49m depth yard. The building will be delivered to a highly sustainable specification targeting BREEAM rating of Very Good and an EPC ‘A’ Rating. Features will include electric air source heating and cooling to the offices, EV charging points, provision for roof mounted solar PV panels and enhanced landscaping. Simon Peters, Development Director at Network Space, said: “Ashroyd Business Park is a prime industrial and logistics location on the M1 corridor close to junction 36 within easy reach of Sheffield, Barnsley and Rotherham. “Demand for ‘A’ grade units of this size is high and there is a very short supply in South Yorkshire. This development will further support local economic growth and offer new job opportunities in the Barnsley area”. Network Space recently completed 5 units at Ashroyd which are now fully let. Ashroyd Business Park is a well-established prime industrial and logistics development just off the Dearne Valley Parkway. Existing occupiers include Universal Components, Euromax, Storefirst and SMS plc.

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NETWORK SPACE ACQUIRES DEVELOPMENT OPPORTUNITY IN WARRINGTON

Network Space has acquired a high profile 4.8 acre (1.92ha) site in Warrington for an undisclosed sum. The site on Winwick Road, approximately 1 mile from junction 9 of the M62, was sold by National Grid and offers a prime redevelopment opportunity within easy reach of Warrington and the motorway network. Network Space is now underway with preparing a planning submission to deliver a high quality, multi-let industrial development of circa 100,000 sq ft. Designed to appeal to a range of businesses and with sustainability a priority, Network Space hopes to start on site next year, providing much-needed, modern workspace in the region with the potential to accommodate up to 200 jobs. Joe Burnett, Development Director at Network Space, said: “The acquisition provides a great opportunity to deliver a variety of multi-let, new build space. With a shortage of light industrial space in the area, it will appeal a range of local, regional and national occupiers seeking small and mid-box urban logistics, alongside traditional multi-let users.” The acquisition follows hot on the heels of Network Space’s purchase of the former Manchester College site at Welcomb Street, Openshaw. Joe added: “This development, and that proposed at Openshaw, will continue to grow our industrial and logistics portfolio. We are also bringing forward other new schemes, close to urban areas in the region, such as Broadheath Networkcentre in Altrincham and the 28-acre former Sovereign Distillery in Huyton.” The Winwick Road site fronts the A49, midway between Warrington town centre to the south and junction 9 of the M62 to the north. It lies close to a variety of well-known retail parks and trade outlets including Network Space’s very successful Gateway 49 Trade Park, which was delivered between 2005 and 2009. B8RE acted for Network Space, Savills acted for National Grid. Building Design and Construction Magazine | The Home of Construction & Property News

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STEELWORK COMPLETED ON £54MILLION GLASS FUTURES’ DEVELOPMENT

Work is on schedule at the £54million Glass Futures Global Centre of Excellence in St Helens with the steelwork structure now completed. Contractors Bowmer + Kirkland, who started on site in January, say the next phase of the scheme is already underway with the cladding and external elevations expected to be completed on the 165,000 sq. ft facility by the end of the summer. B+K’s work on the scheme is expected to complete in January 2023, ready for fit-out by Glass Futures. The facility has been pre-let to St Helens Borough Council on a 15-year head lease and will be sub-let to Glass Futures which will occupy and manage the building to deliver industry and government backed research and development projects focused on decarbonising glass production. It will also provide a platform for the industry to access an experimental scale furnace to test and run trials for implementation at commercial scale on a state-of-the-art line, both collaboratively and individually. Delivery of the project was conceived and is being managed by landowner and developer Network Space Developments (NSD), on behalf of a partnership including not-for-profit research organisation Glass Futures , St Helens Borough Council, the Liverpool City Region Combined Authority and UKRI (UK Research & Innovation). NSD will continue to manage the delivery of the project through to practical completion. Earlier this year the building was presold by NSD to global investor Standard Life Investments Property Income Trust, part of abrdn, to secure forward funding and conclude a viable delivery strategy. Catherine Chilvers, Development Director at Network Space, said: “We’re delighted with the progress so far on site with a completion date of January 2023 still very much in our sights. The outline structure of the facility is now visible and symbolises the scale and ambition of both St Helens Council and the Glass Futures project to bring significant investment and skilled jobs back into St Helens and the wider Liverpool City Region economy. She added: “None of this would have been possible without the exceptional partnership formed between NSD, Glass Futures, St Helens Borough Council, the Liverpool City Region Combined Authority and UKRI.  The partnership is proud to see the noticeable progress being made on site following the tremendous efforts to achieve this key milestone.” David Baker, Project Manager on the Glass Futures’ site for B+K said:“We’re making significant progress on site with the steel frame now completed and roofing works commenced. The B+K team is proud to be part of this iconic build for St Helens and its future role in glass manufacturing and development in the area. The scheme is transformational in every sense, not just for the town but also for its future contribution towards zero carbon production in the global glass industry.” Building Design and Construction Magazine | The Home of Construction & Property News

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Network Space strengthens industrial development pipeline with acquisition of former Manchester College site

Network Space Developments has acquired a 2.8-acre site on Welcomb Street, Openshaw, from the LTE Group for an undisclosed sum. The former Manchester College site, accessed from the Ashton Old Road (A635), currently comprises of eight buildings of varying ages and sizes which were previously used as classrooms and workshops by the Manchester School of Building. Initial development plans are for the delivery of up to 70,000 sq ft of multi-let industrial accommodation with work due to start on site in the first half of 2023, subject to securing planning permission later this year. Joe Burnett, Development Director for Network Space Development commented: “We are delighted to have acquired this site which provides the opportunity to build on the success of our adjacent City Works scheme. “The site is very well located within Openshaw and in a sought-after area of Greater Manchester. It is ideal for both industrial and last-mile logistics uses with its excellent accessibility to a skilled local workforce as well as close proximity to Manchester City Centre. He added: “This latest acquisition aligns perfectly with our strategy for growing our industrial and logistics portfolio by targeting sites located in key urban areas with significant future growth potential.”  LTE Group were represented by Cushman & Wakefield. Building Design and Construction Magazine | The Home of Construction & Property News

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NEW TECHNICAL DIRECTOR APPOINTED AT NETWORK SPACE

Engineer and technical consultant Tony Fox is joining commercial real estate developers Network Space Developments (NSD) as its Technical Director. Tony joins from Tetra Tech/ White Young Green where he has worked for more than 20 years, consulting extensively with Newton Le Willows-headquartered Network Space during that time. Amongst other responsibilities Tony will lead on all the technical work on Network Space’s major projects and acquisitions, as well as advance and develop the company’s sustainability strategy. NSD’s short term industrial and urban logistics development pipeline across the north totals some 2.5m sq. ft of space including schemes like Tunstall Arrow North in Stoke, Glass Futures in St Helens, Sovereign Industry Park in Knowsley, Broadheath Network Centre in Altrincham, Ashroyd Business Park in Barnsley, Estuary Business Park in Speke and Woodhouse Link in Rotherham. His new position at Network Space will also allow him to be involved in projects across its sister companies, asset managers NSM and Network Space Investments Network Space Managing Director (Development) Stephen Barnes said: “‘Tony has worked as our primary consultant engineer for more than 20 years now and has been involved with nearly all our major projects. It feels a very natural appointment to bring him in-house as we embark on an ever growing, ambitious and exciting development pipeline.  “His experience and knowledge of our sector is extensive and we’re delighted to have him on board.” Tony commented: I am absolutely delighted to join Network Space after such a long standing and successful client/consultant relationship. I’m looking forward to supporting the Business’s ambitious future growth programme, strengthening its technical delivery and ensuring it delivers a positive response to an evolving sustainability agenda.

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MULTIMILLION-POUND SPECULATIVE INDUSTRIAL DEVELOPMENT IN SHEFFIELD SECURES FIRST OCCUPIER

On behalf of Network Space, Yorkshire company, Harris CM is on site delivering 116,600 sq ft of prime industrial space across four high specification units at Woodhouse Link, close to junction 31 of the M1 in Sheffield. Ready for occupation in early 2022, Woodhouse Link will be capable of fostering approximately 200 new jobs. Network Space has secured its first letting at its speculative multimillion-pound Woodhouse Link development, with BLE Smoke and Fire Curtains Ltd is taking the 31,200 sq ft Unit 3 on a 15-year lease. A second unit is also under offer Jason Adlam, CEO at Harris CM, said: “This project is an impressive industrial development and we look forward to working with Network Space on our first contract together. “The scheme demonstrates the importance of Sheffield’s industrial and manufacturing sectors and provides further opportunities for our workforce and supply chain, with a significant proportion being South Yorkshire based.” Simon Peters, Development Director at Network Space, explains: “Woodhouse Link is designed to meet the shortage of quality industrial space within the Sheffield City Region, where it is evident that new supply is struggling to keep pace with strong demand. “We’ve already had a lot of interest in the development and we are delighted to welcome BLE as our first occupier. Woodhouse Link offers a great central location and with a further unit under offer and strong enquiry levels in the remaining space we could be fully let before this speculative development completes.” Woodhouse Link lies close to junctions 31 and 33 of the M1, to the east of Sheffield and on the south side of Rotherham, within the Advanced Manufacturing and Innovation District and close to the Advanced Manufacturing Park at Waverley. The development has planning permission for 24/7 operation and is suitable for manufacturing or distribution uses. The detached and self-contained units all provide secure storage yards and parking, 8 to 10 metre high eaves, integral offices and are designed to a high sustainability standard, including EV charging points, and to a BREEAM Very Good rating. BLE has taken unit 3. Part of the family owned Lowe & Fletcher Group, the company has designed, made, installed and maintained innovative, bespoke smoke and fire curtains for buildings around the globe for the last 40 years, providing life-saving protection for millions of people in commercial buildings, stations, airports and hospitals. The expansion to Woodhouse Link reflects the continued growth of the company. Nigel Ward, Managing Director from BLE said: “This purpose build facility in such a great location will offer the company an exceptional base for our fast growing business. “The integral office will be to headquarter standard, in keeping with our brand and helping us to add the best talent to our team. The flexible design and high sustainability standards are ideal for our needs.” With unit 3 now let and a further unit under offer, only units 1 and 2 remain available providing 48,900 sq ft and 13,200 sq ft respectively. Avison Young and CPP have been appointed to market the site. Toby Vernon, Director at CCP introduced the deal. He said: “Demand for quality units such as those at Woodhouse Link is going from strength to strength. We saw a record take up in 2020 and high demand for space has continued in 2021. Occupiers want modern, efficient buildings that will stand the test of time, which is one of the reasons demand is so high, evidenced by the letting to BLE.” Rob Oliver, principal from Avison Young said: “We have always known this development will be well received by the occupational market, so we were delighted, but not surprised, to have two units under offer before speculative construction began. “Well designed and highly specified they suit the demands and expectations of today’s occupiers who want accessible and cost effective premises which facilitate efficient operations, present the right impression to clients and the workforce and meet their environmental agenda.” The project team includes DLA Architecture, Spawforths planners, Tetra Tech and CJR Midlands M&E engineers, Walker Sime QS and project management and Gateley legal.

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PLANNING SECURED FOR £24MILLION DEVELOPMENT IN YORKSHIRE

Network Space has secured outline consent for a £24million industrial development at Vector 31 West in Rotherham, close to Junction 31 of the M1. Network Space will now advance plans for up to 254,000 sq. ft of E(g), B2 and B8 employment space on the 22-acre site. Indicative plans approved show between 7 and 9 self-contained, detached units ranging from 12,500 sq. ft to 75,000 sq. ft, with design and build opportunities also available. The development could create in excess of 500 jobs once completed. Simon Eaton, Development Manager at Network Space, explains: “We are delighted to have secured consent to regenerate this high-profile brownfield site. Vector 31 West is extremely well located, just minutes from Junction 34 of the M1, and we are looking forward to building on the success of our previous developments at Vector 31. “Our intention now is to progress the development of a first phase of speculative, high quality employment units that will satisfy regional market requirements as well as national occupier needs. Simultaneously, we will be marketing the site for design and build opportunities to come forward alongside our development.” Rebecca Schofield, Partner at Knight Frank, added: “We are continuing to see strong interest for industrial and warehouse space across the South Yorkshire region, the quality of accommodation which Network Space will offer to the market will no doubt prove popular to satisfy demand.’’ Network Space has a long history with this former colliery site having delivered more than 160,000 sq. ft of industrial space across two phases at the adjacent Vector 31 development. The first phase was fully occupied within a year of completion in 2008 and is currently occupied by a range of national and international businesses, including parcel delivery giant Hermes. The Vector 31 Networkcentre was sold in 2018 in a £91 million deal to InfraRed Capital Partners Limited as part of a 1 million sq. ft portfolio of 25 industrial sites and two development sites. Network Space was supported in its application by Harris Partnership, Walker Sime, Spawforths, Tetra Tech and Infrastructure Planning & Design. Knight Frank is appointed as agent with NSM set to provide asset management services.

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NETWORK SPACE DEVELOPMENT PROGRESSES ON SALFORD RAVEN LOCKS’ SCHEME

Steelwork now underway on the Ravenscraig Road site. Construction is now under way at the Raven Locks, a 172,000 sq ft speculative industrial scheme in Salford, following the appointment of Portal Construction NW Ltd as main contractors. Portal Construction NW were appointed to undertake works on the 14-acre Ravenscraig Road site, with completion anticipated for February 2021. Despite the challenges brought about by the Covid-19 pandemic, the contractor has continued to make excellent progress on site and remains on programme. The completed scheme will offer 3 detached, self-contained units ranging from 29,500 – 61,000 sq ft along with a terrace of a further 3 units ranging from 11,000 – 19,000 sq ft. Each unit will comprise high quality warehouse space, extensive secure yards and dedicated carparking along with office accommodation and amenities. The larger units will also enjoy other benefits including 10 metre eaves height whilst the biggest unit will boast 5 dock level access doors as well as trailer parking spaces. Raven Locks is ideally situated in Little Hulton on the outskirts of Salford, with 2 miles of both Junction 3 and 4 of the M61 and close to Junction 15 of the M60. This gives easy access to Manchester city centre, Manchester International Airport and on to Liverpool and the south. The local demographic is also attractive to would-be tenants with access to an NVQ+ qualified workforce of 235,600 and potentially 6 million customers within a 60-minute drive radius. Network Space Development Director Joe Burnett said: “We are delighted to have appointed Portal Construction NW to deliver the Raven Locks scheme which will offer much-needed high quality modern industrial units in a very sought-after location. “The development will have a positive socioeconomic impact on the local and wider area by bringing a longstanding brownfield site back into use and provided accommodation for local businesses as well as attracting inward investment. We are encouraged by the level of enquiries so far and remain confident that we will continue to see strong demand for Raven Locks given the site’s positioning, connectivity across the North West, Greater Manchester and key transport hubs, as well as having access to a sizeable and qualified workforce within close proximity of the scheme.” Raven Locks is one of a series of developments being delivered by Network Space Developments across the North West in partnership with global investors, InfraRed Capital Partners. Architects on the scheme were AEW Architects. Asset and property management services have been awarded to industrial asset management specialists NSM. NSM has also been appointed as agents, along with JLL and DTRE. Scheme details are available at http://ravenlocks.co.uk/.

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