Reserved matters planning consent has been granted for 130,000 sq ft of space in two industrial buildings at Gateway 14 in Stowmarket.
And both will be occupied by manufacturers of sustainable construction materials.
Assan Panel, a renowned name in Turkey’s industrial sector, will invest £45 million in an 86,565 sq ft manufacturing building, bringing 100 jobs to the area.
The firm will be joined at Gateway 14 by Bauder, a manufacturer of building construction materials specialising in quality waterproofing systems and insulation. The company, which has its manufacturing operations in Ipswich, plans to occupy a 44,000 sq ft distribution centre at the park.
Permission was granted for both buildings at Mid Suffolk District Council’s planning committee on July 17. Each will benefit from Gateway 14’s inclusion as part of the Freeport East zone, giving occupiers significant tax benefits and wider support to drive productivity and benefits for local communities.
The scheme is being developed by Gateway 14 Ltd – a wholly owned subsidiary of Mid Suffolk District Council, in conjunction with its development partner Jaynic. Construction on both units is expected to start on site imminently.
Mid Suffolk District Council’s cabinet member for housing and property, Cllr Richard Winch said: “The green economy is an emerging market that we are keen to encourage and forms part of our aspirations for Gateway 14.
“With planning permission granted for the Assan and Bauder buildings, we are delighted to welcome these leaders in the sustainable construction sector to Mid Suffolk.”
Jaynic’s development director Ben Oughton said: “We are pleased to be making strong headway at Gateway 14 where potential occupiers see the benefits that the park provides with its freeport status as well as underlining its locational advantages sitting next to J50 of the A14. This provides direct trunk road access into the UK motorway system.
“These planning decisions follow on from the 1.17m sq ft distribution hub building for The Range that was completed at the end of last year and will be in occupation shortly.”
Agents are Savills and Avison Young.
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