Building work commencing in December will deliver 405,000 sq ft of industrial and commercial space at a new £26 million industrial and commercial park on the historic 21-acre Botany Bay site in Chorley, Lancashire.

On completion, the new development will feature 33 units for light industrial and commercial use ranging in size from 1,000 sq ft and 164,000 sq ft.across xxxxxxx, and a drive-thru food outlet,

FI Real Estate Management (FIREM) received planning permission for the development from Chorley Borough Council in July and the development will be the largest ever built by its construction arm, FI Construction. 

FIREM manages assets totalling more than £1bn. Company founder and managing director, Tim Knowles says: “We want to create the highest quality industrial and commercial space for local businesses and those from further afield looking to make Lancashire their home. 

“Botany Bay is an iconic location and the development will be built in two phases. The construction costs for phase one will be £26m and the fit out costs will add an estimated 10 per cent to the total bill. 

“We’ve already significantly grown our FI Construction arm to deliver it. We’re also fully committed to provided further training and employment opportunities to local people as well as seeking new supply chain partners from across Lancashire to ensure FIREM’s investment benefits the local economy.” 

The company employs 300 people across the Group and plans to add another 100 as part of its growth strategy. 

Councillor Alistair Bradley, Leader of Chorley Council, adds: “It’s great news to see that work is starting on site at Botany Bay. It is a really important site for the borough and not only will it create new jobs, it will provide modern facilities for existing Chorley businesses to grow into and also opportunities for businesses to relocate here.

“As a council we are doing what we can to stimulate growth and it is just as important that we see private investors helping to make Chorley a better place to do business and this is a really good example of that.”

FIREM’s Botany Bay development forms part of its growing pipeline of new build projects across the UK, totalling 5m sq ft over the next four years. Occupying 405,000 sq ft, the project sits within FIREM’s already extensive UK portfolio of commercial property which now exceeds 10m sq ft.