LPC Living’s Radclyffe Park development in Salford is going against the North West trend for increasing shop vacancy rates after welcoming three new tenants to the mixed-use development at Trafford Road.
Developer LPC Living, owned by the Pervaiz Naviede Family Trust, has recently signed up: -
- International courier and delivery service provider, Pack & Send
- Takeaway restaurant Food Station and
- A hair and beauty salon
at the scheme in Ordsall. The three deals equate to 2,900 sq ft of retail space.
The North West has the highest proportion of vacancy rate in the UK at 17.3%, ahead of the national average of 12.2%, according to the Local Data Company (LDC), however the development is now 70 per cent occupied with only three of the 11 units remaining.
Simon Ashdown, director at LPC Living, said: “We are pleased that the new high street off Trafford Road at Radclyffe Park is bucking this trend and continuing to attract new tenants. In particularly, we are seeing interest from entrepreneurs and local business people, who recognise the opportunity available here.
“Tenants are able to benefiting from the development’s close proximity to MediaCity and a booming population which has more than doubled since we started working in the area.”
The development’s newest signing, Pack & Send, has taken a 1,500 sq ft unit. The delivery service operates from a growing network of shops located on high streets across the country.
Deborah Dudley, franchisee at Pack & Send, said: “I’m really excited to be opening my first Pack & Send outlet at Radclyffe Park. It is a great location for this type of shop as it is on the doorstep of Salford Quays and is attracting a lot of people who are relocating here. The area is well developed now and the high street is really starting to come to life.”
Radclyffe Park is the latest stage in the regeneration of Ordsall, spearheaded by the £100m of private investment by LPC Living to deliver major new benefits to local residents. These include a new primary school, brand new family housing, shopping facilities, new health and community facilities and improvements to open spaces in Ordsall.
Tushingham Moore acted as agents for the scheme.