Trebor Developments and Hillwood, with landowner the Church Commissioners for England, have entered into a long-term agreement to develop the 127-acre Red Brick Farm site in Peterborough.
Flagship Park benefits from outline planning permission for 1.36 million sq ft of employment space, which the Church Commissioners secured in 2020.
Infrastructure and work on phase one is set to commence on site this year, to deliver a wide range of industrial accommodation (use classes B1, B2, B8), ranging in size from 20,000 sq ft to over 800,000 sq ft.
The industrial units will be delivered either in speculative phases or pre-let/sales to meet occupiers’ specific requirements.
Bob Tattrie, managing partner for Trebor, on behalf of the joint venture between Trebor/Hillwood said: “This major new site is exciting and will provide the opportunity to deliver a wide range of quality industrial units in the Peterborough and wider Eastern region.”
Joanna Loxton, head of strategic land for the Church Commissioners for England, said: “We are pleased to see this important step forward at Flagship Park, which will bring new opportunities, investment and jobs to the city of Peterborough.
“Delivering high-quality employment space that supports local communities through job creation forms a key part of our approach to our strategic landholdings.
“This scheme is the result of collaboration with several parties and we are thrilled with the offering we have achieved together. We look forward to working with our partners to progress the site.”
Trebor and Hillwood are represented by Savills’ Peterborough office and Bidwells. Church Commissioners for England is represented by Savills’ London office.
Image source: Trebor Developments
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