Yorkshire-based Caddick Construction has completed the fifth industrial building at Cross Green Industrial Estate in Leeds on behalf of Towngate. A speculative development of a 16,500 sq ft detached double portal framed building along with infrastructure works and services, the Caddick team started work at the start of the year.
The pre-let is the latest deal to be signed on the popular and successful development in Bristol, the region’s largest regeneration project on the site of the former Rolls-Royce East Works site in Filton. St Francis Group together with its development partners iSec have today announced that it has exchanged
A major capacity boost is expected to the rail freight network in the UK as work has begun on a major project at Daventry International Rail Freight Terminal in Northamptonshire. The project is being led by Prologis UK and is being delivered by Winvic Construction Ltd and will see the
Tritax Big Box REIT plc (Tritax Big Box or the Company) announces that it has received planning consent* and exchanged contracts with a world leading on-line retailer (the Customer) to pre-let a new Mega Box logistics building. The pre-let and planning consent (the Project) covers the Phase 2 and part
The Front-End Engineering Design (FEED) phase has been completed on the UK’s first waste plastic to hydrogen facility. The facility, which is planned for Protos – Peel L&P Environmental’s strategic energy and resource hub in Cheshire – will create hydrogen from waste plastic which could be used to fuel cars,
St. Modwen Industrial & Logistics has entered into a development agreement to create an 11.3-acre business park with Basingstoke and Deane Borough Council and leaseholder ITT Inc. The Basingstoke site, owned freehold by the Council and held by lessee and global multi-industrial manufacturers ITT Inc, is located within the wider
Evans Property Group has completed work on a £1.4 million, three-unit industrial scheme at York Business Park. The property investor and developer has appointed Savills as joint agent with Flanagan James to launch the units to market. Evans has had interests in York Business Park for some 30 years for
LGIM Real Assets (Legal & General), on behalf of its Managed Property Fund, and development partner Wrenbridge, announce that they have secured planning permission to transform a 107,000 sq ft industrial development at Gateway Cambridge in Bar Hill. This latest planning permission is in line with the fund’s strategy to
The two giant greenhouses have used more glass than The Shard, and just one is one-and-a-half times the size of the O2 in London. This world-first development, project managed by Step Associates, will also be home to the largest heat pump system project in the UK. The greenhouses have been
A leading packaging group has acquired a multi-million pound warehouse, which will become its national headquarters, in a deal wrapped up by commercial property investor and developer Barberry Group. Allpack Group, trading as Allpack Packaging, has acquired the freehold of the 60,000 sq ft unit which is being developed by
Yorkshire-based Caddick Construction has completed the fifth industrial building at Cross Green Industrial Estate in Leeds on behalf of Towngate. A speculative development of a 16,500 sq ft detached double portal framed building along with infrastructure works and services, the Caddick team started work at the start of the year. Cross Green Industrial Estate is prominently located close to the M1/M621 motorway network and is home to many manufacturing, distribution and warehousing operations, including John Lewis and Amazon. Approximately 3,000 people work at the site. Towngate Plc has a portfolio of more than 230,000 sq ft of space at the site which is known as Towngate Link. Caddick Construction delivered the first three units at the site with all snapped up as pre-lets. Wine merchant, London City Bond, expanded into the 55,000 sq ft detached warehouse and Beerhawk took the second 62,500 sq ft warehouse. The third 57,500 sq ft unit was recently let to Van-Line Ltd. Together the three previous units and this latest development can accommodate up to 300 new jobs. Robert Smith from Towngate said: “Caddick has yet again delivered a fantastic product which will add to the success of Cross Green. We continue to see a lot of market interest and we are undertaking a number of socially distanced site visits to prospective occupiers in the coming weeks so they can see first-hand the quality of this development.” Chris Allott, Senior Contracts Manager from Caddick Construction, said: “The team has successfully completed four developments for Towngate at Cross Green. With a wide range of unit sizes, this latest warehouse provides an ideal size to meet the need for small to medium sized businesses, for which there is a great deal of demand.”
The pre-let is the latest deal to be signed on the popular and successful development in Bristol, the region’s largest regeneration project on the site of the former Rolls-Royce East Works site in Filton. St Francis Group together with its development partners iSec have today announced that it has exchanged on the latest pre-let deal at Horizon-38 in North Bristol, the region’s largest regeneration project on the site of the former Rolls-Royce East Works site in Filton. Work is due to start within weeks on a new 17,000 sq. ft flagship car dealership for Volvo Cars UK to be situated on one of the last remaining plots with frontage directly onto the A38. Volvo will join other established names at Horizon-38 including Sytner’s Car Shop, Selco Trade Centre, Village Urban Resorts and GKN Aerospace alongside nearly 400,000 sq. ft of speculative industrial warehouse development. Speaking about the deal Gareth Williams at St Francis Group said: “In these unprecedented times it is very pleasing so be able to make an announcement like this. Volvo and all other project stakeholders have shown a huge can-do attitude to ensure that this deal was done and we’ll be starting on site very shortly”. Speaking for the project itself and Horizon-38 scheme in general, this deal represents another piece of the jigsaw on this hugely popular and successful 60 acre site which continues to deliver. We are looking to continue with this momentum through the last two remaining plots where commercial discussions are underway with interested parties.” Avison Young advised the joint venture on the letting and will be retained on the investment sale. Horizon38 was acquired by a joint venture between St Francis Group and iSec late in 2015 and since then nearly 500,000 sq. ft of new high-quality warehouse space has been built in addition to a new Village hotel and trade counters. A new Sytner Car Shop is under construction as is a state-of-the-art Global Technology Centre for GKN Aerospace. For further information visit : https://horizon38.com/
A major capacity boost is expected to the rail freight network in the UK as work has begun on a major project at Daventry International Rail Freight Terminal in Northamptonshire. The project is being led by Prologis UK and is being delivered by Winvic Construction Ltd and will see the construction of a new rail freight terminal with a new access road. Daventry terminal, known as DIRFT, is recognised as one of the most successful intermodal logistics parks in the UK. It is situated in the Golden Triangle, which spans from Northampton to East Midlands Airport, in the North, and is located near the M1, and of course the West Coast Main Line. Daventry is currently home to big names such as Sainsbury’s, Tesco, Royal Mail and DHL, and currently handles 12 freight trains a day. The latest phase of work includes the construction of a new terminal and enhancement to the current rail corridor which connects into the West Coast Main Line. Construction has already begun and is expected to be completed in 2021.
Tritax Big Box REIT plc (Tritax Big Box or the Company) announces that it has received planning consent* and exchanged contracts with a world leading on-line retailer (the Customer) to pre-let a new Mega Box logistics building. The pre-let and planning consent (the Project) covers the Phase 2 and part of Phase 3 plots of the Company’s Littlebrook, Dartford development, comprising a c.2.3 million sq ft logistics building on 35.5 acres within London’s orbital M25 motorway and next to critical transport infrastructure. Leveraging existing customer relationships to maximise development potential In line with its strategy, Tritax Big Box worked closely with the Customer, an existing tenant of other Big Box assets of the Company, to understand their current and future requirements and develop an optimal logistics solution from Littlebrook’s c.97 net acres of development land, acquired in July 2017. The site will play a key role in the Customer’s local and national distribution and fulfilment network in addition to delivering economic and employment benefits to the area. Following completion, the Customer will occupy over 7 million sq ft of high-quality Big Box logistics space within the Company’s portfolio representing c.19% of total contracted rent roll. The Littlebrook development project, formerly the site of a decommissioned power station, is adjacent to the QE2 Bridge, Dartford Tunnel and on the south bank of the River Thames and has the potential to become one of London’s largest Big Box logistics parks in a critical “last journey” location inside the M25. This is a rare asset so close to the heart of London, benefiting from exceptional transport connectivity via motorway, rail and water, excellent infrastructure, significant power provision and a robust labour market. State of the art sustainable logistics building, meeting the needs of the market The Company, together with its development partner, Bericote Properties (the Developer), has successfully secured detailed planning permission* from Dartford Borough Council for this pre-let development. With practical completion expected in Summer 2021, this highly sustainable building will target an Excellent BREEAM and EPC A ratings, with key features including: Gross internal floor area of c.2.3 million sq ft, including three structural mezzanine floors Clear internal height of 20 metres High levels of automation through capital investment by the Customer Substantial 3.5 MW solar PV scheme Delivering attractive returns to investors The Project development will deliver attractive returns to investors based upon: A new 20-year lease, subject to annual upward only rent reviews indexed to the Consumer Prices Index (collared at 1% pa and capped at 3% pa) with the first review in Summer 2022. The Company will benefit from a licence fee from the Developer during the construction period equivalent to the annual rent payable by the Customer following completion of the building. The total development cost for the delivery of this project, including land and demolition, is expected to be £205 million. This development has been committed to using existing credit facilities, with a further £164 million costs to completion. In total, this Project delivers a yield on cost which is in-line with the stated development target for the site and enhances the Company’s income. The completion of this Project is expected to achieve the Company’s original expectations for the overall development profit on the Littlebrook site. Colin Godfrey, CEO, Fund Management, commented: “The signing of this pre-let for a 2.3 million sq ft prime logistics facility is a great achievement and demonstrates our strategy is working. By combining our deep understanding of the market and long-standing customer relationships forged across existing high-quality assets with an attractive development portfolio, we are creating significant value for our customers and investors. Furthermore, recent macro events are accelerating substantial tailwinds for our business through the ongoing adoption of e-commerce platforms as consumers increasingly shop online. “This enhances our existing portfolio with a substantial, prime and sustainable logistics investment at an attractive yield on cost as we advance our plans to transform this disused brownfield site into a new premium logistics park. Working with our partner Bericote, the development of the site will not only deliver much sought-after high specification logistics space for London, but will also bring enhanced local infrastructure and significant employment opportunities to the local area, strengthening its economic growth.”
The Front-End Engineering Design (FEED) phase has been completed on the UK’s first waste plastic to hydrogen facility. The facility, which is planned for Protos – Peel L&P Environmental’s strategic energy and resource hub in Cheshire – will create hydrogen from waste plastic which could be used to fuel cars, buses and HGVs. Completed during lockdown, the study assessed all the design and engineering aspects of the proposed facility. It also evaluated the total project costs – estimated at £20m – which will facilitate Peel L&P Environmental finalising the project financing. The ‘UK first’ facility which gained planning consent from Cheshire West & Chester Council in March 2020 will use pioneering DMG (Distributed Modular Generation) technology developed by Powerhouse Energy Group plc (AIM: PHE) at Thornton Science Park, next door to Protos. The facility will transform the way plastic is dealt with regionally, with the scheme also set to provide a blueprint for future projects to be rolled out nationally. Peel L&P Environmental will develop 11 facilities across the UK in the next few years and has the option of exclusive rights to the Powerhouse Energy technology in the UK leading to over 70 facilities in total. The plastic to hydrogen facility, is the first part of the ‘Plastic Park’ planned at Protos, which will revolutionise the way that plastic waste is currently handled. Envisaged to be one of many Plastic Parks across the UK, it will provide a comprehensive solution for the 4.9 million tonnes of plastic waste generated in the UK each year, preventing it ending up in landfill, exported overseas or in the ocean. A planning application for the first Plastic Park at Protos is expected before the end of the year. Richard Barker, Director at Peel L&P Environmental said: “This FEED phase is an important step forward in delivering this innovative technology at Protos. Working with Powerhouse Energy we’re creating a blueprint for this UK first plastic-to-hydrogen facility, with plans to roll out over 70 more across the UK. With hydrogen increasingly being seen as an important part of our journey to net zero the time is now.” Jayne Hennessy, Development Manager at Peel L&P Environmental said: “The Powerhouse Energy technology was developed right next door to Protos at Thornton Science Park which illustrates how the North West is leading on innovation around net zero. It’s great to see the project moving forward and paves the way for construction starting later this year.” David Ryan, CEO of Powerhouse Energy said: “I would like to congratulate Peel L&P on bringing the FEED phase for the DMG plant at Protos to a successful completion, especially during the lockdown period which is a significant achievement. Defining the application at Protos has provided further commercial and technical validation of our DMG technology. We are confident that the delivery of this first commercial plant will provide a community based distributed source of hydrogen to further the hydrogen economy in the UK.” Peel L&P Environmental is engaging with supply chain partners to support the project with construction expected to start later this year. The company is also in the process of applying for an Environmental Permit for the facility. About Peel Environmental and Protos Peel Environmental, part of Peel L&P, owns and develops waste infrastructure projects. It has achieved consent for a range of energy infrastructure schemes including a 49MW Energy from Waste plant at Protos in Cheshire, 29MW Energy from Waste plant at Kellingley, North Yorkshire, 250,000tpa AD and MRF in Glasgow; and a 20MW Energy Centre at Houghton Main, Barnsley. Peel works with investors, waste management companies, technology providers and contractors to secure a deliverable and fundable business model for each project. www.peelenvironmental.co.uk Peel Environmental brought forward and consented the Protos development, previously known as Ince Resource Recovery Park. The 54ha (134 acres) development site has full outline planning consent and part detailed planning consent for general manufacturing and distribution uses (B1, B2 & B8), as well as a biomass facility and an Energy from Waste facility. www.protos.co.uk @ThisIsProtos Protos sits within the Energy Innovation District (EID) which brings together energy users, network owners, innovators and partners working alongside Cheshire & Warrington LEP, Cheshire West and Chester Council and the University of Chester. With the objective of driving down the cost of clean energy the EID is an opportunity to deliver a new decarbonised energy system for the North West of England, meeting the Government’s Clean Growth agenda while boosting economic growth and investment. www.energyinnovationdistrict.com About Peel L&P – realising possibility. We are an ambitious regeneration business with generations of history, heritage and expertise in our DNA. First established in 1971, Peel L&P is now responsible for some of the most transformational development projects in the UK today. Owning and managing 12 million sq. ft of property and 20,000 acres of land and water, our holdings are concentrated in the north west of England but we also own and manage significant assets throughout the UK with a total portfolio value of £2.6 billion. As a part of the Peel Group; we are integral to a business that strives to make a positive impact on people’s lives. Our legacy matters. We take great pride in the outcomes we achieve, the people we work with, the way we go about our business and the transformational projects we deliver. Our specialist teams have a proven track record in delivering high-quality, legacy projects across land, property, water and airspace. This includes airports, hotels, waterways, media hubs, event spaces, leisure facilities, retail, workspaces, residential development, industrial & logistical space, public realm, historic gardens and the renewable energy sector. Peel L&P is an agile and ambitious business with a legacy of success for a long-term, sustainable future. We see possibility. We deliver transformation. More information at www.peellandp.co.uk or follow @PeelLandP on Twitter. About Powerhouse Energy Group (AIM:PHE) Powerhouse Energy Group has developed a proprietary process technology – DMG® – which can utilise waste plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them
St. Modwen Industrial & Logistics has entered into a development agreement to create an 11.3-acre business park with Basingstoke and Deane Borough Council and leaseholder ITT Inc. The Basingstoke site, owned freehold by the Council and held by lessee and global multi-industrial manufacturers ITT Inc, is located within the wider Viables Business Park and will be known as St. Modwen Park Basingstoke following the grant of planning consent from the local authority in January 2020. As part of the agreement, St. Modwen will create new employment space in response to strong occupier demand and has permission to deliver up to 200,000 sq ft of industrial and logistics space. With full planning consent in place, construction of three high-quality speculative units of 36,987, 51,572 and 97,781 sq ft will commence in September 2020. As per the agreed timetable for the development, units at the site will be available as early as Q3 2021, creating up to 250 new jobs once occupied. Strategically located between Junction 6 and 7 of the M3 and within 2 miles of Basingstoke town centre, the development is well placed to capitalise on the town’s existing diverse economy, providing fast access to London and Southampton. David McGougan, Senior Development Manager at St. Modwen Industrial & Logistics, said: “St. Modwen Park Basingstoke forms part of our strategy to grow a high-quality industrial and logistics portfolio. After obtaining planning permission at the start of this year, our breakthrough development agreement reaffirms our intention to press on with these plans and deliver an industry-leading employment scheme for Basingstoke. The terms we’ve agreed will enable us to fulfil the local authority’s aspiration to deliver regeneration and drive employment.” Ravi Patel, Director of European Shared Services at ITT Inc, added: “We’re completely aligned with St. Modwen’s ambition to transform this site – their regeneration and industrial and logistics credentials speak for themselves. Now that terms are settled and the agreement is signed, we look forward to delivering an employment space that is fit for market demand together.” Basingstoke and Deane Borough Council’s Cabinet Member for Regeneration and Property Cllr John Izett added: “We are delighted to have reached an agreement with St. Modwen which will enable the company to redevelop this site near the M3 for a new logistics park, creating 250 high quality local jobs once complete. “This investment and the new jobs it will bring is especially welcome at a time when the priority is on recovering from the effects of COVID-19. It demonstrates Basingstoke remains open for business.” Marketing agents for the site are London Clancy, Hollis Hockley and Savills. For more information, visit: stmodwenlogistics.co.uk/property/st-modwen-park-basingstoke
Evans Property Group has completed work on a £1.4 million, three-unit industrial scheme at York Business Park. The property investor and developer has appointed Savills as joint agent with Flanagan James to launch the units to market. Evans has had interests in York Business Park for some 30 years for Evans Easy Space and Evans Business Living and this latest venture is set to address the well documented regional shortages of high-quality industrial/warehouse accommodation. CBM Construction has completed work on three self-contained units of 4,225 sq ft, 3,650 sq ft and 3,250 sq ft with integral offices, secure parking and fenced yard areas. The total development value for the scheme is £1.4 million. Evans has also secured planning consent for a fourth unit of 5,250 sq ft which is being marketed by the agency team on a pre-let basis and can be delivered in 9 months to suit occupier requirements. Located on Great North Way, the main estate road within the established York Business Park, the units are just 3 miles from York City Centre and front onto the York outer ring road and the A64. York Business Park has a range of leisure amenities for occupiers to benefit from. Richard Bean, Senior Asset Manager for Evans Property Group, said; “Work has been completed on time on this exciting new addition to York Business Park. Demand for industrial and warehousing accommodation of this size remains strong and we are pleased to have added to the pipeline for occupiers seeking quality space in an established, successful location. We are proud to be further contributing to the long-term regeneration of York Business Park and look forward to welcoming new occupiers in due course.” Tom Asher, Director at Savills, continued; “Savills are delighted to be appointed by Evans Property Group as joint letting agents working alongside Flanagan James. The units are extremely well specified and provide some much-needed light industrial units to the York area. The industrial property market has been buoyant in the first half of 2020 with record levels of take-up in Yorkshire, despite the Covid 19 outbreak. We are already receiving good levels of interest from local and national occupiers and anticipate the units will be let within a short timeframe.”
LGIM Real Assets (Legal & General), on behalf of its Managed Property Fund, and development partner Wrenbridge, announce that they have secured planning permission to transform a 107,000 sq ft industrial development at Gateway Cambridge in Bar Hill. This latest planning permission is in line with the fund’s strategy to evolve its asset holdings and deploy capital into key growth areas, such as the industrial sector, which have retained strong fundamentals. Despite the economic downturn, the fund has continued to drive forward this mandate and recently also announced the acquisition of a significant urban logistics scheme in Basildon for £23.2 million. Once complete, Gateway Cambridge will comprise eight Grade A units, ranging in size from 3,046 sq ft to 45,694 sq ft. Bar Hill is strategically located on the newly improved A14 with excellent connectivity to Cambridge and the M11. The area represents a popular location for industrial occupiers, with excellent amenity on the doorstep and a large workforce available. In line with Legal & General’s wider ESG commitments, Bar Hill has been designed from its inception to be a best in class, environmentally sustainable industrial development which focuses on staff wellbeing. As redevelopment gets underway, Legal & General will look to further bolster the ESG credentials of the new Gateway Cambridge scheme. Rob Codling, Senior Fund Manager, Managed Property Fund said:“Gateway Cambridge, Bar Hill was acquired by the Managed Property Fund in 2006 and is now well placed for modernisation. In line with its strategy, the fund is continuing to maximise holdings where we can be confident that location, occupier demand and sector fundamentals will sustain resilient income streams for the long term. At Bar Hill, we look forward to delivering a high-quality, sustainable development which can provide both economic value and employment opportunities to the local area.” James Feltham, Director at Wrenbridge, added:“The industrial sector continues to thrive, with demand for quality new space outstripping supply. Gateway Cambridge will deliver new units in a size range to cater for a range of occupiers and our focus is to provide a new sustainable development in an environment that will help companies attract and retain staff.” Bidwells and Savills are appointed as the leasing agents for the new development.
The two giant greenhouses have used more glass than The Shard, and just one is one-and-a-half times the size of the O2 in London. This world-first development, project managed by Step Associates, will also be home to the largest heat pump system project in the UK. The greenhouses have been built next to Anglian Water’s water treatment facilities, the heat from the sewage works will be pumped into the energy centres serving the greenhouses and will provide the ideal growing temperature for growing millions of tomatoes, 10% of the UK’s homegrown tomato crop, along with peppers and cucumbers. Director at Step Associates, Mark Dykes, said “The scheme is using the UK’s largest system of heat pumps, which will channel heat from warm water into the greenhouses to help speed growth. This use of natural energy will cut carbon emissions associated with growing the tomato crop by 75%.” The carbon emissions from an on-site electricity plant will also be funnelled into the greenhouses for the plants to absorb and aid their growth. Greencoat Capital, one of the UK’s largest clean energy funds, is behind the plans and estimates that the greenhouses will produce vegetables with a quarter of the carbon footprint of regular greenhouses. The greenhouses, which are set to start growing this winter, are 7-metre tall glass structures and will allow crops to grow vertically along guide wires. They will be grown hydroponically from nutrient-rich water solutions instead of using soil. As well as providing the UK with homegrown tomatoes, the project will also create up to 360 permanent jobs in the area, and up to 460 at peak season. Mark comments: “This project has been a long and rewarding journey. The greenhouses, being a world-first in their use of renewable energy, have positioned the UK as leading the way in a low carbon solution to growing sustainably, and will hopefully pave the way for similar projects.”
A leading packaging group has acquired a multi-million pound warehouse, which will become its national headquarters, in a deal wrapped up by commercial property investor and developer Barberry Group. Allpack Group, trading as Allpack Packaging, has acquired the freehold of the 60,000 sq ft unit which is being developed by Barberry on Kingswood Lakeside Business Park in Cannock, Staffordshire, at one of the region’s key logistics hubs. Barberry has started work on the site and is expected to reach practical completion of the new headquarters logistics building at Kingswood Lakeside Business Park, Blakeney Way in Q2 2021. The deal will bring much-needed investment and dozens of new jobs to the region. Barberry development director Jon Robinson said: “We are thrilled to have agreed to sell the freehold of our high quality warehouse unit to Allpack Group before we have reached practical completion on site.” “It offers Allpack a fantastic new headquarters for their national operations as they expand and relocate from their current base in Aldridge. The successful conclusion of this deal clearly demonstrates the quality of our mid-box industrial/logistics buildings, the high specification we deliver, our experience and our flexible approach to cater for occupier requirements, while being able to offer both leasehold and freehold opportunities.” Jon added: “We have worked hard and invested heavily to create a Barberry brand in the mid-box industrial/logistics market, providing high quality buildings that we are proud of being built to an institutional acceptable specification that also satisfy occupier’s requirements.” Bob Clarke, operations director at Allpack Group, said: “We are delighted to announce our acquisition of Barberry 60 as the new headquarters for Allpack, which will allow us to continue supporting our clients nationally with the exceptional service levels that have become synonymous with the Allpack brand. 2020 has seen the ecommerce sector grow to new records and this facility will further enable us to develop and grow our business whilst continuing to service our customer needs and requirements. It has been a pleasure transacting with Barberry and we look forward to practically completing our building.” The 3.5-acre site was acquired by Barberry from Staffordshire County Council. Barberry secured detailed planning permission and appointed construction contractor Benniman. The ground treatment works required to enhance this prime employment location were part-funded by the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) via its Local Growth Fund. The location offers occupiers excellent connections to the motorway network, with immediate access to M6 Toll Road, the M6, M42, the A5 and A34. Staffordshire County Council’s cabinet member for economy and skills Philip White said: “We are pleased that the Allpack Group has selected Kingswood Lakeside Business Park as the location for its new headquarters, bringing investment and dozens of new jobs to Staffordshire. This is particularly important as we look towards the post-Covid economic recovery. “This is a significant milestone as it is the final plot at Kingswood Lakeside – one of Staffordshire’s key employment sites. The quality and success of this final plot development by Barberry, as with the wider business park, underlines the benefit of close co-operation between the public and private sectors. It is further demonstration of how we’re continuing at pace with our economic growth programme in Staffordshire.” Chris Loughran, deputy chair at GBSLEP, said: “Kingswood Lakeside Business Park is an excellent example of how strong relationships between the public and private sector can enable developments that have a hugely positive impact on our region. “Through our Local Growth Fund, we have invested £2.16 million in the site and this deal demonstrates what an important and timely investment it was. Attracting a nationally recognised business like the Allpack Group will support job growth for local people in one of the region’s key sectors. This continues to be one of GBSLEP’s major priorities as our region recovers from the impact of Covid-19.” Richard James-Moore, of JLL, acting on behalf of Barberry, said: “We are thrilled to have negotiated this deal on behalf of Barberry. The building specification together with the quality location and ability to acquire the freehold created a compelling case for Allpack and we are pleased to conclude the Pre sale. We look forward to seeing Allpack take occupation of the PC’d building.” JLL and MWRE were joints agents for Barberry. It’s been a busy year for Barberry. It recently announced a £40 million state-of-the-art aerospace manufacturing and design facility for a global leader in aerospace engine and flight controls systems will be developed in Gloucestershire. The 184,000 sq ft centre of excellence for Moog’s Aircraft Controls Segment will be built on a 10-acre site at Ashchurch, Tewkesbury. It is believed to be one of the biggest deals of the year in the manufacturing sector. Meanwhile, earlier this summer it announced that the UK’s leading roofing merchant is investing £4million in a new distribution hub after agreeing a deal for a unit at a multi-million pound business park in the South West. Joint venture developer Richardson Barberry agreed a deal with SIG Roofing – which plays a critical role in the construction supply chain – for a 10-year lease on a 31,617 sq ft warehouse unit in Bristol. Barberry, recognised as the Commercial Developer of the Year 2019 at the prestigious West Midlands Property Awards, has a 3.3 million sq ft industrial/logistics development portfolio with a Gross Development Value of more than £398 million. The company is also delivering student accommodation and residential schemes worth in excess of £200 million and has 528 acres of strategic development land, with a development land value of £262 million, across 14 sites under its control.