New investment at LSV

Share this article

MILLIONS of pounds will be ploughed into the next stage of development at Leigh’s state-of-the-art sports and leisure complex.

Developers Greenbank Partnerships have secured a £24m forward funding deal with Aviva Investors Lime Property Fund LP for the latest phase of work at Leigh Sports Village (LSV).

The cash will be used for the 64,000sq ft Morrisons supermarket and petrol station pre-let site at the £100m complex.

The supermarket brand is the anchor tenant for phase three of the sports village scheme, which was granted planning permission last August.

It is expected to bring a major jobs boost for the town and LSV, which has already brought significant levels of regeneration and economic development and has provided new college facilities.

Chris Baybutt, Greenbank Partnerships director, said: “Leigh Sports Village has been, and continues to be, a very exciting opportunity and represents the largest investment in the social, educational and sporting infrastructure of Leigh.

“We have spent a great deal of effort in bringing this project forward over the last 10 years and we are very proud to see it coming to fruition.”

Wigan-based Greenbank Partnerships has completed the development of Phase One at LSV – a £100m partnership with Wigan Council, which has created 1,500 jobs and provided a new 10,000 capacity stadium and other sports, recreational, leisure and educational facilities.

The £24m deal relates to Greenbank’s Phase Two development and comprises the 64,000 sq ft food store and petrol station and anchors Phase Three of their scheme.

Phase Three will include retail and leisure units, office space, a piazza and additional car parking spaces.

Greenbank is now in discussions with potential occupiers for the remainder of the commercial development at the Sports Village.

When pressed on who would occupy the remaining space, Greenbank said it was still in talks.

The project has overcome a number of setbacks including the withdrawal of a similar proposal by Tesco.

The application was submitted by Greenbank Partnerships which outlined proposals for a 80,000sq ft Tesco Extra store, along with 35,000sq ft of offices, food and drink outlets.

The development had been expected to create more than 500 full time jobs, with other commercial developments creating around 250 new jobs.