The construction of new logistics parks has “turned green”, is energy-efficient and environmentally friendly. According to GLP, one of the leading investors and developers of industrial, logistics and distribution parks, this is a key trend that will drive the world of logistics in the coming years. “There is a significant
One of the major announcements in 2019 was that electric car pioneer Tesla was to build its next Gigafactory in Berlin, Germany. Playing an unheralded, yet vital part in the productive, efficient and safe construction of the factory was an array of National Pile Cropper’s solutions. The Tesla Gigafactory Berlin-Brandenburg
Circa 8,500 Jobs Pipelined For 2.26M Sq Ft Phase One Wilton Developments has unveiled plans for the first 2.26m sq ft phase of its Doncaster North industrial and logistics scheme, which includes the region’s largest stand-alone new build industrial unit currently in the planning system. Phase 1 at Doncaster North
The final phase of construction has started at SEGRO Park Kettering which will see the creation of almost 875,000 sq ft of space across three buildings. A 102,500 sq ft speculatively built facility will become the last available unit on the development and will be available to occupy from September
Leased 1.28 million SQM in 2021 – a 64% increase compared to 2020 Accelerated acquisitions and completed developments over the last two years GLP, a leading investor and developer of logistics warehouses and distribution parks, announced record progress on investment, leasing and development activity in 2021, significantly expanding its presence
Chancerygate has been granted planning permission to build 110,000 sq ft of Grade A urban logistics and industrial space in Chadderton, near Oldham. Called Broadway Central, the speculative development will comprise eight units across two terraces ranging from 7,600 sq ft to 18,200 sq ft and one stand-alone unit of
Westbrook Partners has agreed to forward-purchase two BREAAM ‘Very Good’ urban logistics portfolios for £172.5m from Chancerygate and Bridges Fund Management (“Bridges”). The first portfolio, which was wholly owned by Chancerygate, is called Urban Portal and comprises three multi-unit logistics developments located in Aston Clinton, Brackley and Leicester. The schemes
Local and government leaders, including North Northamptonshire MP, Philip Hollobone, today [4th March] formally launched construction works at Ball Corporation’s new can-making factory at the SEGRO Park Kettering Gateway. With accelerating demand for infinitely recyclable aluminium drinks cans growing fast in the UK and around the world, Ball is investing
Trebor Developments and Seddon Developments have sold their Prime Point 14 speculative, industrial, development to Aver Property Limited Partnership. The site lies one minute from Junction 14 on the M6 Motorway. The two units of 66,628 sq ft and 76,742 sq ft will be constructed during 2022 by Seddon Construction
Developer to bring forward additional 500,000 sq ft sq ft of industrial/logistics accommodation Leading commercial property developer, Stoford has announced a new site wide agreement with the Church Commissioners for England that will unlock future phases of development at a job creating industrial scheme in East Devon. The agreement paves
The construction of new logistics parks has “turned green”, is energy-efficient and environmentally friendly. According to GLP, one of the leading investors and developers of industrial, logistics and distribution parks, this is a key trend that will drive the world of logistics in the coming years. “There is a significant demand for modern, high-quality industrial and logistics facilities that offer more than just warehouse space. Companies are willing to pay for higher standards because they have a lot to gain. It also pays to integrate the development sensitively into the surrounding environment, offering more green space and also investing in the surrounding infrastructure. This helps build relationships with the municipalities and communities affected by the development,” says Jan Palek, GLP’s director for the Czech Republic and Slovakia. The emphasis on quality and the introduction of new technologies in the construction of logistics parks has meant a huge shift in the industry in recent years: companies using logistics developments are among the fastest growing, especially in ecommerce , distribution, but also light industrial production. For their further development and expansion, they need quality premises that can accommodate logistics or production facilities and also provide a friendly environment for employees. The demand for “smart” buildings is driven by new client requirements. They demand flexible spaces that adapt to their needs. “They want to monitor traffic and be able to control the costs associated with it. At the same time, they expect the developer to look to the future and offer innovative solutions. That’s why we are designing buildings with the possibility of installing photovoltaic panels and making technological and construction preparations for charging stations for electric vehicles. They may not be used immediately, but they will be available when it makes economic sense,” explains Filip Krzywoň, Technical Manager at GLP Czech Republic and Slovakia. GLP is building three current projects in Chrášt’any near Prague, Holubice near Brno and Ostrava-Hrušov according to these standards. Although some of them are just starting to be built, their capacity is already almost leased. Smart technologies reduce operating costs and make business easier Applying a sustainability and ESG approach to business is now also very important for investors. They consider not only how much to invest and what their return will be, but also what impact the investment will have on the surrounding environment. All of this increases the certainty of a long-term return on investment and is therefore becoming an integral part of new logistics projects. Investing in smart technology is one of the many ways we can meet our ESG commitments. “We are helping to create efficiencies by saving energy resources, time and money. The integration of various types of technologies including data analytics, robotics, automated clearance systems, digital loading docks, smart sorting, telematics, fleet management systems, and Internet of Things (IoT) are all designed to increase efficiency,” Jan Palek summarises. A practical example is technology for intelligent measurement and data collection, for example monitoring the frequency of loading gate openings. It increases gate clearance rates by 95% and loading dock utilisation by up to 50%. It also pays to improve working conditions for employees. “We are improving the quality of the environment in our buildings. We are installing technologies to improve air quality, acoustic comfort and also building rest areas. We avoid toxic or harmful materials and prefer environmentally friendly ones,” explains Jan Palek, GLP’s director. A related trend is the design of new buildings using an electronic building model using the BIM (Building Information Modeling) method. “The virtual building model contains information about all components. Maintenance can then be carried out quickly and easily. We offer a digital helpdesk linked to the BIM database, so that if, for example, a fault is reported in the air conditioning system, we immediately know where the problem is and have all the relevant documentation and information needed to solve it immediately,” explains Filip Krzywoň. Energy-efficient and environmentally friendly construction The trend towards sustainability is also supported by rising energy prices, which increase the demand for energy-efficient buildings with quality insulation and traffic management technologies. These make it possible to control energy, water, HVAC and lighting use. They also allow rainwater to be used for watering or flushing toilets. “Conventional warehouses will gradually lose popularity because their operating costs will be high,” adds Jan Palek. Sustainability is also reflected in energy management. “Our vision is that we will supply the renewable solar electricity we generate to the clients we lease our premises to. It has to be economically interesting for them, of course. Therefore, the specific installations will be decided only after the projects are completed and based on the current conditions,” adds Jan Palek. A responsible approach concerns not only the development of industrial real estate, including logistics parks, but also their immediate surroundings: the local environment and communities. “We build the complexes in such a way that they blend in with the surrounding environment. We pay attention to park landscaping that serves to relax employees and visitors. Our aim is for all our new buildings to be BREEAM Very Good or equivalent in terms of sustainability,” says Jan Palek. The broader concept of accountability also includes close cooperation with neighbouring communities, especially local governments or associations. This includes investment in the infrastructure of the municipalities. “We typically invest, for example, in increasing the capacity of water supply lines, upgrading wastewater treatment plants, building bio-corridors, contributing to the construction of schools, parks and other projects that would be difficult for municipalities to implement on their own,” concludes Jan Palek, GLP’s director.
One of the major announcements in 2019 was that electric car pioneer Tesla was to build its next Gigafactory in Berlin, Germany. Playing an unheralded, yet vital part in the productive, efficient and safe construction of the factory was an array of National Pile Cropper’s solutions. The Tesla Gigafactory Berlin-Brandenburg (also known as Gigafactory Berlin, Gigafactory 4 or Gigafactory Europe) is a state of the art European manufacturing plant for Tesla, Inc. which has been constructed in Grünheide, Germany. The campus is located some35 kilometres south east of central Berlin on the Berlin–Wrocław railway, which forms the north border of the site between Erkner station and Fangschleuse railway station and the A10 autobahn, which forms the west border. The facility and its Berlin location were announced by Tesla CEO Elon Musk in November 2019 at the Das Goldene Lenkrad award show. The factory is planned to produce batteries, battery packs and powertrains for use in Tesla vehicles and also assemble the Tesla Model Y. Construction began early in 2020, with site preparation and foundation work immediately commencing including the essential foundation and site clearing work. The initial work saw the placing of the first four construction cranes and the arrival of trainloads of building materials including pillars, beams and literally thousands of concrete piles of all shapes and sizes. Tesla was keen that the work would be undertaken quickly, efficiently and environmentally friendly as equipment and systems would allow. Prefabricated concrete construction Prefabricated construction was used to produce concrete walls, beams and piles, being chosen as an efficient method for building structures. Large portions of the Gigafactory structure were assembled at a manufacturing site and then transported to the construction job site and installed where required. Reinforced concrete beams and walls that became a part of some of the main structures of the facility were installed into the ground. In order to crop the thousands of concrete piles as efficiently, productively and safely as possible, and with Tesla’s avowed aim to have the factory completed as soon as possible, the main contractor, Arikon, turned to midlands based UK manufacturer and supplier of state of the art pile cropping solutions, National Pile Cropper. Its pile cropping solutions are mounted on a 360O excavator via quick release fittings, which when lowered onto the pile or beams, the hydraulic system operates the jaw(s) which allows the pile cropper to cut a de-bonded pile and cause the concrete to break away leaving a horizontal finish as a result. In doing this, the chisels penetrate in a precise direction up to the rebar to make the fracture. On bonded piles, the chisels will penetrate further, and due to the shape of the chisels and the reaction forces of the rebar, the concrete will break in pieces and can easily be lifted off the pile enabling recycling of the cut away concrete. Different types and sizes The piles that required cropping in Berlin came in a variety of sizes, diameters and construction techniques, all designed and developed to have the factory completed and functional as quickly as possible. The all-encompassing National Pile Cropper range aided the construction, proving to be invaluable on the Tesla development and many other projects. Amongst the solutions provided included National Pile Croppers largest Quad cropper, ‘Quadzilla’. This beast of a machine can handle the largest of piles and beams, delivering high rates of productivity and efficiency – just as Tesla required. The current Quad range (including ‘Quadzilla’) is not the end of the NPC’s investment in pile cropping solutions however. “Although our range covers virtually all applications and requirements, we continuously invest in R&D to develop and refine our solutions,” explains company director Paul Emberton. “We work with our customers to find out what they want and how we can help make them more productive and profitable. To this end, this year will see the launch of new solutions that are currently undergoing field testing and refinement.” The National Pile Croppers that worked on the Tesla Gigafactory in Berlin proved their worth and have contributed to the efficiency of the project. “We are proud to work with a company of Arikon’s standing on behalf of global trendsetter Tesla, to help them with this strategically vital project. The pile croppers we have supplied have helped ensure that the cropping part of the project was done to deadline, as efficiently, safely and productively as possible. We look forward to working with Arikon again on other projects as the need arises,” concludes National Pile Cropper’s Paul Emberton.
Circa 8,500 Jobs Pipelined For 2.26M Sq Ft Phase One Wilton Developments has unveiled plans for the first 2.26m sq ft phase of its Doncaster North industrial and logistics scheme, which includes the region’s largest stand-alone new build industrial unit currently in the planning system. Phase 1 at Doncaster North could facilitate some 8,500 new jobs for the region. In January, Wilton Developments received Outline Planning consent from Doncaster Metropolitan Borough Council to transform 180 acres adjacent to Junction 6 of the M18 at Thorne, Doncaster into a 3.52 million sq ft logistics and industrial scheme. A Reserved Matters planning application for the delivery of the first 2.26m sq ft phase of development has now been submitted and this will incorporate a 1m sq ft stand-alone distribution building, the only unit of its scale in the region to progress to that planning stage. The remaining 1m sq ft in Phase 1 will primarily be made up of units ranging from 100,000 to 375,000 sq ft and the first phase can facilitate up to 8,500 jobs for the region including on-site jobs, construction roles and wider regional jobs following completion. A start on-site is scheduled for later this year with the first buildings due to be delivered in 2023. Wilton Developments has appointed agents CBRE and Knight Frank to market the scheme, now named Doncaster North. Jason Stowe, Managing Director of Wilton Developments, comments: “We are progressing plans for this major employment site and subject to successful consent, Doncaster North will be the only scheme to bring forwards a 1m sq ft stand-alone unit in the region. A key feature of the site is that whilst sitting beside Junction 6 of the M18 and having that visibility, it is only a 5-minute drive to Junction 35 of the M62 which makes it appealing to a host of occupiers seeking both east west as well as north south connectivity. We are looking forward to continuing our investment into South Yorkshire and delivering much needed industrial accommodation and jobs to the region.”
The final phase of construction has started at SEGRO Park Kettering which will see the creation of almost 875,000 sq ft of space across three buildings. A 102,500 sq ft speculatively built facility will become the last available unit on the development and will be available to occupy from September 2022. It will combine warehousing, offices and a secure yard, as well as incorporating a range of sustainability features including rainwater harvesting, solar thermal heating, intelligent low energy lighting and EV charging points. A separate 150,000 sq ft warehouse will be constructed which has been pre-let to Bunzl, the FTSE-100 specialist international distribution and services group. It will be Bunzl’s second facility at SEGRO Park Kettering and will complement its existing 230,000 sq ft unit. SEGRO will deliver these units in parallel with a 622,000 sq ft freehold facility for leading beverage packaging manufacturer Ball Corporation, which will become its third aluminium can manufacturing facility in the UK and the largest ever constructed in Europe. Andrew Pilsworth, Managing Director, National Logistics at SEGRO, said: “SEGRO Park Kettering provides high quality industrial and warehouse facilities to meet a mix of customer requirements, supported by the right infrastructure and with excellent connectivity. “Occupier demand in the East Midlands remains very strong and we look to delivering these three buildings at pace in the coming months, bringing further employment opportunities into the region.” Helen Cockerham, Retail and Healthcare Managing Director at Bunzl, said: “We are pleased to be working with SEGRO again on this development and look forward to seeing our additional warehouse capacity becoming operational later this year.” SEGRO is working closely with lead contractor Winvic to engage local schools and businesses with training and employment opportunities, which will have a particular focus on encouraging women into careers in construction. This aligns with the company’s commitment to invest in its local communities and environments as part of its Responsible SEGRO framework. Planning consent was secured at SEGRO Park Kettering to deliver a total of 1.2 million sq ft of industrial and warehouse space. The site, located at Junction 10 of the A14, is adjacent to Latimer Business Park, home to a range of market leading brands including Morrisons, DS Smith and Alpro, and Hanwood Park – the 5,500-house urban extension to the east of Kettering. Its proximity to major transport arteries means customers will be able to reach over 90% of the UK population within four hours.
Leased 1.28 million SQM in 2021 – a 64% increase compared to 2020 Accelerated acquisitions and completed developments over the last two years GLP, a leading investor and developer of logistics warehouses and distribution parks, announced record progress on investment, leasing and development activity in 2021, significantly expanding its presence across Europe. GLP saw high levels of activity and growth across its European business over the past twelve months. Total Assets under Management (AUM) as at 31 December 2021 was €14.3bn ($16.2bn) with an operating portfolio of 6.4 million SQM, comprising 216 properties and a further 21 under development. This compares to 31 December 2020, when GLP’s Total AUM was €10.3bn ($12.7bn) with a portfolio of 4.9 million SQM across 171 properties. In response to the continued growing demand for logistics space, GLP has accelerated its development programme, starting 27 new projects comprising 688,000 SQM of new space across Europe – a new record for GLP. This takes GLP’s total completed assets to 5.6 million SQM at the end of 2021, compared to 2.4 million SQM at the end of 2019. GLP’s leasing activity has been equally strong, with a total of 240 customers across its portfolio at the end of 2021, compared to 82 in 2019. In 2021, GLP agreed new or expanded leases on 1.1 million SQM of logistics space, up from 683,000 SQM in 2020 and 462,000 SQM in 2019. In addition, GLP renewed leases on 198,000 SQM of space – nearly double its 2020 figures. Today, GLP’s retention rates stand at 74% across Europe with a lease ratio of 97%*. GLP has had continued success supporting customers from outside the EU to enter European markets. In 2021, GLP agreed 14 leases to non-European customers compared to 8 in 2020. Nick Cook, President, GLP Europe, commented: “The growth of GLP has been fantastic to be a part of. We sit within one of the most important sectors in the global economy and one which has come to the fore over the past two years. Our development and leasing activity reflects the strength of the logistics market, despite broader macro-economic challenges. We are particularly pleased to see the continued confidence that our customers place in us reflected in our high occupancy and retention rates. We are grateful to our extraordinary team for delivering these results in such difficult conditions.”
Chancerygate has been granted planning permission to build 110,000 sq ft of Grade A urban logistics and industrial space in Chadderton, near Oldham. Called Broadway Central, the speculative development will comprise eight units across two terraces ranging from 7,600 sq ft to 18,200 sq ft and one stand-alone unit of 27,000 sq ft. Units are available freehold or leasehold and the scheme will have a gross development value of around £20m. Chancerygate acquired the 6.58-acre site last July for £3.8m from FO Developments which is a consortium comprising Oldham Council, Grasscroft Property and Seddon Developments. Construction is scheduled to commence in May with practical completion expected early next year. The consortium delivered the wider Broadway Green development which is a 121-acre mixed-use scheme on former agricultural land. Once complete, it will provide up to 700,000 sq ft of employment space. In addition, 500 new homes and 25 acres of public open space in a linear park. Chancerygate development manager, Andy Farrer, said: “We’re very pleased to have obtained planning to deliver Broadway Central just nine months after our acquisition. This is a testament to the hard work of our team and the positive and pragmatic attitude of Oldham Council. “Broadway Central is in an excellent location where there is very little supply of new, high-specification industrial units. Therefore, this development is best placed to help satisfy the strong demand for Grade A urban logistics and industrial space that there is for businesses operating both locally and throughout the North West region.” Agents for Broadway Green are Davies Harrison and Avison Young. You can learn more about Chancerygate’s live developments here. < Back to News
Westbrook Partners has agreed to forward-purchase two BREAAM ‘Very Good’ urban logistics portfolios for £172.5m from Chancerygate and Bridges Fund Management (“Bridges”). The first portfolio, which was wholly owned by Chancerygate, is called Urban Portal and comprises three multi-unit logistics developments located in Aston Clinton, Brackley and Leicester. The schemes will total 347,177 sq ft across 45 units and all three are set to practically complete in the next 12 months. The second portfolio, called City Gateway, comprises three multi-unit developments in Edinburgh, Leeds and Peterborough. The three schemes were jointly owned by Chancerygate and Bridges, who have a long track record of successful collaboration on sustainable industrial developments. The City Gateway portfolio will total 485,389 sq ft across 61 units, providing 43 industrial/warehouse units, 16 trade counter units and two drive throughs. The three schemes are set for practical completion in the next 24 months. In total, the portfolios comprise 832,000 sq ft over 42 acres, with each of the six schemes being acquired on a forward-commitment basis. All the newly built units will have market leading green credentials and will be constructed to the highest specification. Commenting on the deal, Mark Donnor, managing principal of Westbrook Partners, said: “We are delighted to have concluded the deal with Chancerygate and Bridges Fund Management, in such a timely manner. “The 832,000 sq ft of Grade A stock is already receiving strong occupational interest for a variety of units. JLL is instructed to pre-lease the portfolio.” Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide. The company has offices in London, Warrington, Birmingham, Bristol and Milton Keynes. It currently has more than 3.5m sq ft of industrial space under construction or ready for development across 32 sites ranging from Bournemouth to Edinburgh. Chancerygate managing director, Richard Bains, said: “Our strategy of focusing on acquiring urban logistics sites and delivering Grade A schemes benefiting from strong environmental credentials has been borne out by the very strong interest we received for these portfolios. “We are very pleased to have concluded the deal with Westbrook Partners in a very swift timescale. The funds from the disposal will be used by us to invest in further strategic speculative development opportunities as Chancerygate continues to expand throughout the UK.” Bridges Fund Management is a specialist sustainable and impact investor. It has been working in partnership with Chancerygate on projects for more than 10 years. Investments include acquisitions last year of sites for industrial development in Coventry, Leeds, Tolworth and Edinburgh. Guy Bowden, partner at Bridges Fund management, added: “We’re delighted to complete this forward-purchase, which we think is testament to the strong demand – from both investors and occupiers – for high-quality highly sustainable logistics developments. Bridges’ sustainable logistics portfolio continues to deliver both attractive financial returns for our investors and superior environmental outcomes.” Tudor Real Estate represented Westbrook. JLL advised Chancerygate and Bridges Fund Management.
Local and government leaders, including North Northamptonshire MP, Philip Hollobone, today [4th March] formally launched construction works at Ball Corporation’s new can-making factory at the SEGRO Park Kettering Gateway. With accelerating demand for infinitely recyclable aluminium drinks cans growing fast in the UK and around the world, Ball is investing in the new cutting-edge facility to meet the needs of its customers. This new facility will be the largest ever beverage packaging plant in the UK. Set for completion in January 2023, the site will occupy 56,000 sqm, with space to expand production later. In its first year, the plant will be producing over one billion fully recyclable cans and generate 200 local jobs. The multinational can-maker is working with key public services including Job Centre Plus to together level-up employment in the area. A pre-employment programme will develop talent from all local communities for exciting roles at the new plant during 2022 and beyond. A celebration to mark the construction of the plant was attended today by the local MP, local councillors, and community groups. The growth in demand for aluminium cans comes as consumers seek alternatives to single-use plastic, with a recent poll showing almost 80 per cent of people are taking steps to reduce single-use plastic and two-thirds want to do more.[1] Aluminium cans are currently the world’s most widely recycled beverage packaging, with a UK recycling rate of 82 per cent and a European average of 76 per cent. Ball, which has had its climate change plan approved by the Science Based Targets Initiative, is constructing the Kettering plant according to BREEAM ‘Excellent’ Sustainability and Environmental Standards. Other features include a rainwater harvesting system and innovative technology to mitigate machinery exhaust emissions. These innovative technologies will make the Kettering plant the most advanced facility of its type, demanding 20 per cent less energy and 70 per cent less water than traditional can-making processes. The manufacturing industry has long been a major source of employment for Kettering and the surrounding area, with the Ball facility joining a contemporary local industrial community which includes Mercedes-AMG, Siemens and Weetabix. Carey Causey, President, Ball Beverage Packaging Europe, Middle East, Africa and Asia (EMEA) said : “As environmental awareness increases, consumers are insisting on more sustainable drinks packaging. This new facility, in one of the UK’s best-known manufacturing locations, will help us to support our customers’ growth, creating fully recyclable cans which can play a role in a truly circular economy and support the local community.” Local MP Philip Hollobone said: “I’m delighted to see this project go ahead. With its rich heritage, the production skills in Kettering are outstanding and it’s great to see a leading international company like Ball join the ranks of our existing manufacturers. Councillor David Brackenbury, North Northamptonshire Council’s Executive Member for Growth and Regeneration, said: “One of our key priorities is helping to create the conditions to boost the economy in North Northamptonshire and I’m delighted to welcome Ball Corporation to our area as it brings a significant amount of foreign direct investment as well as a facility that is focussed on being as sustainable as possible. This development also brings with it significant employment opportunities to the local area in the sustainable manufacturing sector, which is a welcome addition to the North Northants economy. I look forward to seeing the production lines rolling!” The Kettering facility will be Ball’s third can-making site in the UK, joining established plants in Milton Keynes and Wakefield and taking the new total in the EMEA region to 26. [1] https://www.packagingnews.co.uk/news/environment/single-use/poll-finds-support-refillables-frustration-supermarkets-not-addressing-plastic-pollution-16-06-2021
Trebor Developments and Seddon Developments have sold their Prime Point 14 speculative, industrial, development to Aver Property Limited Partnership. The site lies one minute from Junction 14 on the M6 Motorway. The two units of 66,628 sq ft and 76,742 sq ft will be constructed during 2022 by Seddon Construction Limited and provide high quality, sustainable BREEAM “Very Good” and EPC “A” rated, industrial units for rent in the Staffordshire area. Bob Tattrie, Managing Partner, at Trebor commented: “Prime Point 14, Stafford, is a prime location being only one mile from Junction 14 of the M6. The two mid-size units are on a very established industrial park and will meet market demands, the area suffers from little choice of quality industrial units in this area. We look forward to delivering these”. Ergo Real Estate, on behalf of Aver Property (its JV with NFU Mutual), continues its impressive track record in the logistics sector. “Our flexible and opportunistic approach enables us to be responsive to prospects and capitalise on the growth in this area, securing our position as market leaders”. Martin Jepson, Founding Partner at Ergo Real Estate commented. Ergo Real Estate were represented by Savills, Birmingham office. Trebor Developments and Seddon Developments dealt with inhouse.
Developer to bring forward additional 500,000 sq ft sq ft of industrial/logistics accommodation Leading commercial property developer, Stoford has announced a new site wide agreement with the Church Commissioners for England that will unlock future phases of development at a job creating industrial scheme in East Devon. The agreement paves the way for the development of an additional c.500,000 sq ft of industrial/logistics accommodation at Exeter Logistics Park, Clyst Honiton. Stoford will develop the scheme on a design and build basis, with new units made available on freehold or leasehold terms. Exeter Logistics Park is part of the second phase of a significant industrial scheme which was opened in 2017, following the grant of outline planning, secured by the Church Commissioners. Part of the Exeter and East Devon Growth Point economic development zone east of the M5, near Exeter Airport, the scheme will total more than 650,000 sq ft upon completion and includes improvements to the local transport infrastructure. A new access road and signalised traffic junction have been created off the B3174 London Road, making the site immediately available for further development. Stoford has already completed construction of a new 90,000 sq ft distribution unit and a 415-space electric vehicle charging park at Exeter Logistics Park, on behalf of an international retailer. Works are also underway on the construction of a further two new buildings, including DHL’s 54,732 sq ft parcel distribution service centre and a 28,464 sq ft warehouse that is being developed speculatively. The new developments are characterised by strong environmental credentials, including green roof spaces, a sustainable urban drainage system, provision of solar panels and an external trim trail with outdoor gym and fitness area. They are expected to be completed this month (March 2022) and have the potential to create more than 100 new jobs. It is estimated that Exeter Logistics Park could contribute between £90 million – £105 million to the regional economy when fully complete. Dan Gallagher, Joint Managing Director, Stoford said: “Exeter Logistics Park is an extremely well connected site with enormous potential. We are on track to deliver the two new buildings in Q1 this year and the new agreement will enable us to further develop the scheme to meet continued demand. This is a sustainable scheme that has already attracted high calibre, international occupiers. It has all of the attributes to become the South West’s leading distribution hub, south of Bristol.” Joanna Loxton, Head of Strategic Land for the Church Commissioners for England, said: “The latest agreement builds on our already strong partnership with Stoford and will see hundreds of thousands of square feet of high-quality employment space being delivered, resulting in significant job creation locally and supporting the area’s continued growth. “We are particularly proud of Exeter Logistics Park’s sustainability credentials, which are a demonstration of our ESG commitments in action and will help support a ‘green recovery’ post-covid.” All enquiries regarding Exeter Logistics Park should be directed to the scheme’s retained agents, JLL and Cushman & Wakefield.