Tuesday, January 10, 2012

News: ONYX retail development moves to phase two


A new Rotherham retail park has been so successful with the letting of units that its developer, Onward Holdings is speeding up the release of phase two, in a bid to meet enquiries.

ONYX Retail Park, comprising 17,500 sq ft of retail space, is based at the Manvers Waterfront development, the 285-acre mixed-use regeneration of the former Manvers Colliery by Anglo-Dutch developers, TCN UK.

The first phase of the retail park has attracted high street names including Greggs the Bakers, Subway and Domino's. This has created more than 70 new jobs on site. A "continental" café and two other well known high street names are in the process of completing terms.

Phase two of the site comprises a further 10,000 sq ft of space which is split between two units but Onward Holdings has applied for planning permission to allow the units to be divided into smaller spaces.

Neil Storey, director at Onward Holdings, said: "The interest and take up of units has been far higher than expected and those tenants that have moved have reported excellent trading, with one of the units reporting that their turnover has been more than triple what was expected.

"Part of the success seems to be down to the high level of passing vehicle movements and on-going housing developments which has created a ready market that is crying out to be serviced."

Site promotion is being handled by Andrew Miller Chartered Surveyors of Sheffield.

Onwards Holdings website

Images: Onwards Holdings


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