Langtree has completed the handover of Hollinwood Junction’s ‘largest and most complex piece of the jigsaw’ to asset manager and developer Indurent. This marks the completion of the main Hollinwood Junction regeneration project, which was delivered by developer Langtree in partnership with Oldham Council.
Contractor Russell WBHO has completed the £25m latest and final phase, delivering a total of 13 high-quality industrial units ranging from c.5,000 to c.42,000 square feet. The handover marks the completion of one of Langtree’s most challenging regeneration schemes, says development director Josh Downes.
“Mine shafts, M60 retaining walls, gas holders: this site has thrown everything at us and it’s a testament to our team and advisors’ resilience and technical skills that we pieced the jigsaw together,” he said.
“The finished job has met its promise of turning a challenging brownfield site into a source of employment and economic competitiveness for Oldham and we’re delighted with the end result.”
In addition to the 192,000 square feet of distribution and manufacturing space now being offered to the market, Langtree’s regeneration scheme has included new retail, leisure and infrastructure, providing a blended asset at a key location, says Downes.
“This latest phase provides Oldham with the type of accommodation local firms need as they grow, and which can also attract new occupiers to the town. We said we wanted to leave an economic legacy and with the support of our partner, Oldham Council, we’ve been able to do just that,” he added.
The site is adjacent to Junction 22 of the M60 Motorway, southwest of Oldham town centre, and is a key plank in the council’s ambitions to attract new employers to the area.
Indurent were selected by Langtree to partner and forward fund the delivery of the units, which are now ready to be offered to the market. Early market interest is strong, says Jonathan McIlhinney, asset manager at Indurent.
"Oldham is a strategically important location in Greater Manchester, and this development brings modern, sustainable industrial space to the area. Occupier interest has been strong throughout delivery, which is great validation of the scheme, and we hope to welcome our first customer to the site very soon. We look forward to building on that momentum as we bring the remaining units to market. Langtree has been an excellent partner in unlocking a complex site, and hope to continue working together in future.”
James Kington, Oldham Council’s director of growth, said:
“This is a timely boost for Oldham’s employment market and a reminder of how competitive the town is when it comes to providing the infrastructure leading occupiers demand. The scheme is a testament to our partnership model and I’m looking forward to welcoming new tenants and watching them grow and succeed.”
Jonathan Rhodes, project director for Russell WBHO, said:
“We’re proud to have played a part in the Hollinwood Junction regeneration scheme, delivering a key development that will bring long-term benefits to the Oldham community. We’ve worked collaboratively with our client Langtree to achieve its aim of transforming a brownfield site into environmentally sustainable industrial development. This was a challenging build involving complex remediation works, so we'd like to thank everyone in the project team for their dedication and problem-solving throughout the programme.”
Supporting a BREEAM ‘excellent’ rating, the scheme utilises translucent fascia materials throughout to allow for maximum natural light within each unit. The project also includes extensive landscaping.
The properties are accessed by the recently constructed highway roundabout on Albert Street which services the successful Costa drive-through developed by Langtree in an earlier phase, as well as the new Lidl store.
