CONSTRUCTION of a new industrial warehouse on the site of the former Weetabix factory on the Earlstrees Industrial Estate in Corby has been given the green light by councillors.
Copley Point Capital, on behalf of its Block Industrial programme and Pembury Real Estate Ltd, submitted a planning application to North Northamptonshire Council earlier this year having purchased the eight-acre site on one of the town’s prime industrial parks.
Demolition of the former Weetabix Factory is close to being completed and the construction of the new 160,800 sq ft unit will start shortly, with completion scheduled for Q3 2023.
Copley Point Capital director Nimit Oberoi said: “We are very pleased to have obtained planning permission for Earlstree160 just seven months after our acquisition. This is a testament to the hard work of our team and the positive and pragmatic attitude of North Northamptonshire Council.
“The development is in an excellent location where there is very little supply of new, high-specification industrial units. Earlstree 160 is best placed to help satisfy the strong demand for Grade A urban logistics and industrial space that there is for businesses operating locally, regionally and nationally.”
Commercial property agents Prop-Search, Cushman & Wakefield and Potter Learoyd have been appointed to market the building. Prop-Search director Richard Baker pictured said: “We are already encouraged by the level of enquiries we have received. The appetite for ‘A’ grade warehouse space in the region remains high and this development will further support local economic growth and offer new job opportunities.”
The unit will be BREEAM Very Good rated and will feature a 12.5m minimum clear eaves height, 16-dock and two-level access doors, together with a 50m yard.
