Rok Development has acquired a site in Wilmslow, Manchester, from Legal & General to develop a new office park.
In its largest northern acquisition to date, Rok Development has bought the Wilmslow Office Park site for £10m.
The deal for the business park, just outside the town of Wilmslow, brings the total development pipeline for Rok Development in the north-west to more than £100m.
Wilmslow Office Park is a 34 acre (13.8 ha) site with a scheme that already has planning permission for four buildings totally more than 200,000 sq ft (18,580 sq m).
With the exception of Stamford Lodge, the former home of brewer Henry Boddington, the existing buildings on the site will be demolished.
The first phase will start on site in 2007 and Stamford Lodge will be refurbished and reused as part of the overall scheme. DTZ and Cushman & Wakefield wil be retained as letting agents.
Stuart Longbottom, director of Rok Development Manchester, said: ‘Demand in the region for high quality office and industrial accommodation continues to be high, and our proposals for Wilmslow will offer flexible solutions for businesses looking for a variety of unit sizes, with the option to let or indeed buy their own property.’