Developer Chancerygate has been granted planning permission for 51,000 sq ft of Grade A urban logistics, research and development space in Newmarket.
The development, to be called Nucleus, will comprise 10 units ranging from 3,595 sq ft to 6,685 sq ft available on both a leasehold and freehold basis with the ability for occupiers or investors to acquire multiple units.
The 2.48-acre site, which formerly housed an electronics and displays manufacturer, is at Exning Road two miles south of the A14.
Its positioning at the intersection of the A14 and A11 offers close connections to Cambridge, Huntingdon, Bury St Edmunds and Ipswich, as well as East coast ports.
Neighbouring occupiers to the development include retailers Screwfix and Toolstation, builders’ merchants Travis Perkins and parcel delivery firm Evri.
All units at Nucleus will have EV charging points, low air permeability design and solar cells on their roofs. A wellness area will be created at the rear of the scheme.
The scheme is targeting an EPC A and BREEAM Excellent rating as a minimum.
Chancerygate senior development director, George Dickens said: “We have worked closely with West Suffolk Council and local stakeholders to secure this exciting planning consent. The scheme will provide Grade A accommodation supporting a range of industrial uses, including R&D.
“There is strong demand for high specification accommodation, and this planning permission means our Nucleus development will provide sustainable, high-quality buildings in close proximity to key infrastructure.
“The development will provide employment opportunities and a lasting economic asset for the region.“
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