Speculative build given go-ahead

Barberry

1st August 2019

Property Portfolio

Barberry Developments

BARBERRY Developments' proposed £9.8m speculative development of a 72,000 square foot warehouse unit at the site of a former DIY store in Northamptonshire has been given the go-ahead by planners.

Barberry's planning application for the development of a 3.5-acre site at Sopwith Way, Daventry, has been approved by Daventry District Council. Worcestershire-based Barberry secured the site for an undisclosed sum from New River Retail.

The Daventry development will be on the site of the former Focus DIY store, which has been vacant for several years, and will generate around 90 jobs and investment in the area, Barberry development director Jon Robinson said.

"We are looking forward to delivering a high-quality warehouse unit in the highly sought-after mid-box range in what is an excellent location. After gaining planning consent, we expect construction to begin in Q3 this year, with practical completion in Q2 2020." said Jon.

"This will be a speculative development, demonstrating our confidence in both the product, the location and the appetite within the industrial and logistics sector for warehouse units of this size across the Midlands market.

"We are committed to executing our business plan in key strategic locations within the UK. We currently have a logistics/industrial pipeline of circa 2.8 million square feet. All of our warehouses are available on both leasehold terms or as freehold purchases."

The site is located in the established industrial estate of Drayton Fields, just half a mile from the A45, leading to J18 of the M1 around 6.5 miles away. Other major occupiers near the site include Amazon, Tesco, Ford, Wincanton and Cummings.

It is the latest in a growing portfolio of industrial/warehouse developments for Barberry, which recently completed warehouse units of 46,000 square feet and 65,000 square feet in Birmingham.

Barberry