UK-based Caddick Construction has secured a £10.7m contract to build phase one of the Novus business park in Knutsford, Cheshire from developer Chancerygate.
Phase one of the project is expected to complete by September 2020.
This phase will feature development of nine industrial and warehouse units totalling 132,000ft², as well as highway improvements and a new crossroad.
A unit totalling 30,000ft² has been pre-let to auto retailer Sytner Group on a long-term lease. The retailer will use this space for pre-delivery inspection and vehicle servicing for its clients.
Caddick Construction North West managing director Ian Threadgold said: “We hope this is the start of a successful long-term relationship between our two companies. We are enjoying an excellent year of new project wins and look forward to delivering an exceptional business park for Chancerygate.”
The 244,000ft² Novus business park in Knutsford, Cheshire, has a gross development value of approximately £33m.
Chancerygate development director and head of the company’s Warrington office Mike Walker said: “Novus is our flagship development in the North West and working alongside Caddick we start construction with real momentum. They have an excellent track record of successfully delivering projects of this type and scale, and we are very pleased to be working with them for the first time.”
Caddick Construction is a wholly owned subsidiary of Caddick Group.
Set up in 1979, Caddick Group priovides a wide range of services including design, construction, civil engineering, property development, property management, leisure and event management.