Phase one complete at £5m Preston business centre

Roundhouse Properties has completed phase one of construction work at its 37,800 sq ft Momentum scheme in Preston.

The £5m project, located at South Rings, will be the third Momentum business centre in Roundhouse’s portfolio.

The first phase of Momentum@Cuerden, comprising 22 units, has been sold to two investors and 14 businesses, including engineering firm Precision Motion, North West Sealants, Mel Bartley Personal Training and premium interior designers Vivocasa.

Roundhouse managing director Jeremy Lefton said: “Momentum has proved to be a popular concept for a wide range of SMEs in the area.

“It’s a model we are looking to repeat elsewhere in the region and the wider North West should we find sites that give us the opportunity to develop smaller business centres near excellent transport links, amenities and within close proximity to residential communities.”

He continued: “We’re pleased with progress at the site and looking forward to welcoming the businesses to it. The second phase construction works have started and we’re already under offer on the whole of phase two and receiving high levels of interest for the remaining units in phase three.”

Construction started on site in August 2017. Momentum@Cuerden is due for completion at the end of 2018.

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