Weekly News
Multi-million-pound logistics boost for Oldham
Developer Langtree has announced completion of the forward funding agreement for the next phase of its Hollinwood Junction project in Oldham.
The deal unlocks a £25 million construction contract and fires the starting gun on building work.
Industrial investor Indurent will fund the scheme, which is being delivered in partnership with Oldham Council.
The site is adjacent to Junction 22 of the M60 Motorway, southwest of Oldham town centre, and is a key element in the local council’s ambitions to attract new employers to the area.
The development will deliver 13 high-quality industrial units ranging from 1,500m2 up to 12,800m2, providing a total of 58,500m2 of distribution and manufacturing space, with associated parking and service yards.
Councillor Arooj Shah, Leader of Oldham Council, said: “This is a major vote of confidence in Oldham, not just as an investment destination in its own right, but as a place where high-quality employers can find the workforce they need to compete across the world.
“I welcome Indurent’s confidence in our borough. It validates our belief in the Hollinwood project and the work of the council and its partner, Langtree, in bringing the project forward. I look forward to hearing of more investment and jobs to come.”
Oliver Smith, Investment Director at Indurent said: “This investment reflects Indurent’s long-term confidence in regional logistics and industrial markets. Hollinwood Junction is a strategically located, high-quality scheme with strong fundamentals, and we’re proud to support its delivery.”
Main contractor Russell WBHO has commenced work on site and the construction programme is due to reach practical completion in July 2026.