East Anglia-based land promoter Pigeon has begun development of a new 50,000 sq ft industrial unit close to the M25 at Waltham Cross, Hertfordshire.
Its Cheshunt MAX50 scheme has been pre-let to Stephen James Group, an established and authorised BMW and Mini automotive retailer, headquartered in nearby Enfield.
MAX50 forms part of Theobald’s Business Park which also comprises Google’s first UK data centre and Theobalds Enterprise Centre.
A ground breaking ceremony saw Lewis Cocking MP, council leader Mark Mills-Bishop and other senior local leaders, formally launch the construction phase.
Hugh French, development director for Pigeon, said: “It is a testament to the significance of the development that senior local leaders have joined us to break ground downat Cheshunt MAX50.
“This is an important site for local and regional economic growth and we are looking forward to delivering it for Stephen James.”
Hugh went on: “Beyond Cheshunt and amongst other projects, we are working on bringing forward a number of commercial developments including Junction 56, a brand new 230,000 sq ft industrial and logistics park on the edge of Ipswich at the A14, within easy reach of Felixstowe Port.”
Peter Williams, chief financial officer for Hedin UK on behalf of Stephen James, said: “Breaking ground on our new aftersales facility marks the beginning of an exciting chapter for us.
“This state-of-the-art centre will elevate our service capabilities, ensuring we meet and exceed our customers’ expectations. The future is bright, and we can’t wait to see what we achieve together.”
Cambridge-based contractor, Barnack Estates, has been appointed as main contractor for the works.
M1 Agency and Paul Wallace Commercial acted on behalf of Pigeon for the letting.
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