TWO new tenants have signed on the dotted line to join a multi-million pound employment hub.
Brownfield developer, Harworth Group plc, has secured long-term leases with Northern Building Plastics Ltd and Vaclensa Ltd.
Both companies have signed up to ten-year leases and have taken a total of 52,871 sq ft.
Ian Ball, executive director of income generation at Harworth, said: "These are two excellent deals for Harworth Group, with a new headline rent reflecting Logistics North’s status as one of the North’s leading manufacturing & distribution locations.
"We are now keen to maintain this momentum as the remainder of the site is developed out over the next three years."
Northern Building Plastics Ltd, a uPVC plastics and building products supplier and Vaclensa Ltd, a cleaning company, join other businesses on the Logistics North site in Over Hulton like Amazon, Aldi, Costa and Lidl.
The leases of £7 per sq ft will generate £300,000 of income per year for the site.
Cllr Ebrahim Adia, deputy leader of Bolton Council, said: "This is further good news for Bolton — Logistics North continues to be a success and I am delighted that two more businesses are joining.
"The development is the largest industrial site in the North West, in an excellent location, and it is no surprise that companies are choosing it to be their home.
"Securing tenants so quickly to these units shows confidence in Bolton and will bring further new jobs for our residents.”
More than 1,500 people are already employed on the site and once the site is complete Harworth expects there to be about 5,000 jobs.
David Travis, director of business space at Harworth, said: "Growing a long-term recurring income stream remains a priority for the business and securing Vaclensa & Northern Building Plastics as tenants for our Business Space portfolio, just two weeks after practical completion of both units, reflects the strength of the North-West property market and justifies our decision to build these units speculatively.
"We look forward to welcoming other high-profile tenants onto site in 2018 as we continue to develop the remainder of the site."
As part of the expansion of the Logistics North site, Harworth has recently completed three new units with a total of 163,501 sq ft.
These units form phase one of Harworth's Multiply scheme and phase two, which is underway, will see six new units of between 18,073 sq ft and 149,198 sq ft.
Multiply is being delivered in partnership with the Lancashire County
Pension Fund.
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