Development firm Jaynic has secured planning permission for two warehouses at Suffolk Park, Bury St Edmunds.
The first of the warehouses, a 76,000 sq ft space, is to be let by Hermes Parcelnet Ltd, with the other 160,000 sq ft warehouse aiming to cater for the strong occupier demand for warehouse space in the region. These units will form phase three of the 2.3 million sq ft Suffolk Park development.
Contractor firm Parkway has won the contracts to deliver the first two units of the scheme, with construction projected to be completed in August 2022, following an imminent start.
Ben Oughton, development director of Jaynic, said “We pre-let the 76,000 sq ft unit to Hermes earlier in the year. This shows the strong and sustained demand at Suffolk Park over the last couple of years for a range of sizes.”
Julie Baird, director for planning and growth at West Suffolk Council said We are proud that our vision and our work to invest in and secure the infrastructure and the land for the allocation at Suffolk Park is continuing to attract and create new employment opportunities here in West Suffolk. The Suffolk Park allocation was always intended to cater for a range of employment types such as company headquarters, logistics operations and units for start-up and small businesses as well as a strong mix of skilled jobs. We are seeing these coming forward, which is good news for the people of West Suffolk.”
Other firms set to occupy the park so far include Weerts Group (Sketchers), MH Star UK Ltd, Unipart Logistics, Treatt, Sealey, and The East of England Ambulance Trust.
The park is located an hour away from Felixstowe port, the UK’s largest container port, with Bury St Edmunds located on the A14 with direct links to London and the Midlands via the M11.
Major residential development is underway in the town with nearly 5,000 new homes allocated with construction commenced helping to meet the increased demand.
The marketing agents for the scheme are Hazells, Savills and Bidwells.
Image source- Jaynic
© Eastern Echo (powered by ukpropertyforums.com).
Sign up to receive your free Eastern Echo newsletter every other week here.