Global property business Goodman has acquired the former Vauxhall manufacturing site in Luton with plans to regenerate the site.
The global property group will work with Luton Council and the community to bring forward development proposals for a mix of employment uses at the Kimpton Road site.
The site, close to London Luton Airport, plans to develop the site for high-quality commercial and industrial park, attracting businesses from various sectors including advanced logistics, manufacturing, engineering and digital infrastructure.
It is estimated the regeneration could create more than 1,700 direct jobs once complete and will represent an investment by Goodman in excess of £400 million.
Goodman will now work with Luton Council, local business groups and the community to develop its plans.
Goodman has also accepted an invitation from Luton Council to contribute as a partner to the council-led Luton Taskforce for Economic Growth.
Jason Harris, commercial director for Goodman, said: “Our vision is to deliver a transformational regeneration scheme. This will attract new businesses to Luton and create a mix of jobs from a range of sectors.
“We recognise the social and economic significance of the site to Luton and will work closely with Luton Council and the local community as we bring forward our plans to deliver a major contribution to the long-term economic growth of the town.”
Cllr James Taylor, portfolio holder for regeneration and inclusive growth at Luton Borough Council, said: “We look forward to working with Goodman to regenerate what is a hugely important strategic site for our town.
“We are keen to see a mix of commercial and industrial uses at the site, create quality new jobs for local people and bring in vital investment for Luton which will help drive Luton’s 2040 vision for a town where everyone can thrive.”
Subject to planning, work is expected to start in 2027, with the first new businesses occupying the site in 2028.
Image: Google.
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