CONSTRUCTION work has started on a new warehouse development on the eight-acre former Weetabix factory site in Corby.
Earlstree160 pictured above is being developed by Copley Point Capital, on behalf of its Block Industrial programme, and Pembury Real Estate Ltd. ADI Group has been appointed as building contractor and practical completion is due in Q3 2024. Ground works will be completed by Christmas this year and above ground works will start in the new year.
Pembury Real Estate’s joint managing director James Wright said: “Corby is a key East Midlands market, which has seen significant take-up in the last 24 months, testament to its location for accessing East Coast ports and national consumer markets.”
The Earlstree160 scheme will provide best-in-class logistics floorspace to the highest environmental and sustainability standards, he added.
The warehouse specification includes a 12.5 metre minimum eaves, 16 dock loading, two-level access doors and 50 metre yard. The development will have BREEAM ‘Very Good’ rating and will be built using sustainable building materials.
Northampton-based Prop-Search, Cushman & Wakefield and Potter Learoyd have been instructed to seek a tenant for Earlstree160.
Prop-Search director Richard Baker pictured left said: “There is a lack of available new stock of this size in the North Northamptonshire region so this is a very timely development. It is perfectly placed to accommodate the pent-up demand from occupiers with household names in Avon and Saint Gobain proving that the business park, with its excellent transport links and access to a skilled workforce, is attractive to successful national companies.”
Copley Point Capital has already completed similar schemes in Sunderland and Evesham. “This asset will add another grade A best-in-class property to the growing Block Industrial platform,” said managing director Nimit Oberoi.
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