Jaynic has secured planning consent at Suffolk Park, Bury St Edmunds, for a new warehouse to be occupied by parcel carrier Hermes Parcelnet Ltd, together with consent for a speculative 160,000 sq ft warehouse to cater for the strong occupier demand in the region.
These units form part of phase three of the 2.3m sq ft Suffolk Park development.
Contractor Parkway has won the contract to build the first two units with construction due to start imminently for completion in August 2022.
Ben Oughton, development director of Jaynic, says: “We pre-let the 76,000 sq ft unit to Hermes earlier in the year. This shows the strong and sustained demand at Suffolk Park over the last couple of years for a range of sizes,” adds Oughton.
Julie Baird, Director for Planning and Growth at West Suffolk Council, said: We are proud that our vision and our work to invest in and secure the infrastructure and the land for the allocation at Suffolk Park is continuing to attract and create new employment opportunities here in West Suffolk. The Suffolk Park allocation was always intended to cater for a range of employment types such as company headquarters, logistics operations and units for start-up and small businesses as well as a strong mix of skilled jobs. We are seeing these coming forward, which is good news for the people of West Suffolk.”
Companies taking space at Suffolk Park to date include Weerts Group (Skechers), MH Star UK Ltd, Unipart Logistics, Treatt, Sealey and The East of England Ambulance Trust accounting for approaching 1.75m sq ft of space.
Suffolk Park offers prospective occupiers bespoke buildings on a design & build basis alongside a rolling programme of speculative development.
It is located within one hour of the Port of Felixstowe, the UK’s largest container port dealing with 42% of Britain’s containerised trade. In 2015 it was ranked as the 37th busiest container port in the world and Europe’s 6th busiest.
Bury St Edmunds is located on the strategically important A14 corridor, linking Felixstowe to the Midlands and London via the M11. The town boasts a variety of production and distribution occupiers including major national operators such as M H Star UK Ltd, Unipart, Sealey, Greene King, British Sugar, Century Logistics, Treatt, Atalian Servest, Mizkan and Taylor Wimpey.
Major residential development is underway in the town with over 5,000 new homes allocated and construction commenced, to help the town’s continued economic growth and to accommodate an expanding workforce.
Marketing agents for Suffolk Park are Hazells, Savills and Bidwells.