Wigan Economy to be boosted by Trencherfield Mill Development - MIDAS

Wigan Economy to be boosted by Trencherfield Mill Development

18 December, 2007 – Wigan Economy to be boosted by Trencherfield Mill Development

Developers Stewart Milne are confident Wigan's economy will receive a boost when the first commercial units are let at their landmark development in the heart of the town.

The regeneration of Trencherfield Mill, situated alongside the Leeds-Liverpool canal, has created 252 stunning apartments, 5,350 sq m (57,595 sq ft) of high specification office space, a retail unit providing 912 sq m (9,815 sq ft) and cafe and retail kiosk units totalling 660 sq m (7,000 sq ft). There are also plans for a new bar and restaurant and proposals for a hotel.

The four floors of office space within the beautifully converted mill each have their own distinctive features, including sand-blasted exposed brickwork, floor to ceiling windows and large back-lit light displays. On the top floor, a huge atrium allows natural light to flood into the building to create a bright and inspiring workplace.

It is hoped the first commercial units will be let in the next few weeks and the first business tenants moving in shortly afterwards. Up to seven commercial tenants could occupy the office space at any one time, and they are suitable for a range of businesses such as call centre operators and financial service providers.

Malcolm Deans, managing director of the commercial property division of the Stewart Milne Group, said: "Wigan’s economy no longer relies on the traditional industries of the past and this vibrant town is developing a heartbeat of forward-thinking businesses.

"Nowhere is this more evident than at Trencherfield Mill, a former cotton mill that has been transformed into what will become a bustling urban village, complete with new homes, offices, a hotel, restaurants, pub, and fashionable shopping areas.

"We are proud to be investing in Wigan. As well as providing new employment opportunities in the town, our redevelopment of Trencherfield Mill will undoubtedly lead the way in attracting future investors to the area.

"The commercial units at Trencherfield Mill are designed to a high specification to suit tenants looking for first class facilities for their employees and something unique from their working environment."

Cllr John O’Neill, Wigan Council cabinet champion for regeneration, added: "Over £700 million is due to be invested in Wigan Borough over the next decade in everything from new business parks to retail & leisure facilities to residential developments.

"These planned developments, including Trencherfield Mill as part of the Wigan Pier Quarter, are attracting significant private sector interest and investment. The private sector has already show their confidence in the Borough with the number of new office developments that have been constructed in the last two years alone.

"This is quite significant in any area but particularly for Wigan which has been traditionally seen as an industrial area. There is no doubt we are benefiting from our location in the northwest, close to the cities of Manchester, Liverpool and Preston which are seeing incredible growth. And when you consider that our unemployment figures at their lowest for some time Wigan is a strong long-term investment.

The transformation of the mill is symbolic of the changing face of Wigan Borough and challenges outdated stereotypes. The refurbishment of such an iconic building clearly shows that, whilst Wigan is proud of its past, the borough is moving forward and is establishing itself as a key business location.

"Regeneration projects such as these demonstrate our commitment to progress and the reality of what we have to offer potential new businesses and residents alike."

Trencherfield Mill is just five minutes away from the town centre with its array of shops, nightlife and leisure facilities, including an international sized swimming pool and the 25,000- seater JJB Stadium.

Major regional and national rail links are just a short walk away and the area has excellent motorway links to the major cities nearby, including Liverpool, Preston and Manchester, making it the ideal place for commuters to live or work.

Wigan has recently been identified as a regional hotspot for commercial property investment. Research by property expert Knight Frank revealed the town is acting as a magnet for investors in commercial property.

Economic forecaster Experian has also tipped Wigan as a hotspot for potential future growth, with the town scoring above average on an index of future office demand, which ranks northern towns and cities according to projected growth in office-based employment.

Source: Move2Wigan.com news item

Link: http://www.stewartmilne.com/home/index.cfm?sectid=300

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