|Project||Commercial / Mixed-use|
|Sectors||Land Promotion / Development|
|Value Created||Circa £30m|
The investment properties were sold in September 2014 and the remaining land was sold in May 2015.
Planning permission was secured for up to 1m sq ft including B1, 2 & 8, a PFS and a hotel.
Significant infrastructure works were completed to create a fully serviced site and enable development.
Around 12 acres were sold to owner occupiers such as Buildbase, Mitchells & Butlers, Percy Dalton and Terrence Barker Tanks.
Pre-lets were secured for a 192,000 sq ft warehouse and cold store, which was constructed and let to Culina Logistics in 2008; and a 37,000 sq ft headquarters office/warehouse building, also completed in 2008 and let to HID.
An 80 bed hotel was developed and traded as a Days Inn. In 2016 the hotel rebranded under a 25yr lease to Travelodge