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BDC 319 : Aug 2024

bericote

Bericote chooses Glencar to construct new 780,000 sq ft mega logistics and industrial scheme in Coventry.

The project will see the demolition of the redundant Goliath unit together with enabling works to make way for the design and build of three new industrial/logistics units totalling 780,000 sq ft on a 43-acre site to be known as Coventry Logistics Park in Coventry. Glencar, an expanding construction company specialising in the industrial, logistics, distribution, manufacturing, life science and pharmaceutical sectors has today announced that it has been awarded a contract by specialist logistics commercial property developers Bericote Properties to construct 780,000 sq ft of speculative industrial space across three new units at a site in Coventry to be known as Coventry Logistics Park. Works commenced at the start of the month with demolition of the existing building together with enabling works.  The project is expected to be complete by the summer of next year. It will feature three units of 484,000 sq ft, 251,000 sq ft and 47,000 sq ft, which have been designed by leading architects Corstorphine & Wright. All the units will be built to BREEAM Excellent rating with the two larger units totalling 15 metre eaves and the smaller unit 10 metres. Speaking about the project award Pete Goodman Glencar Managing Director Midlands and North said: “Coventry Logistics Park looks set to become one of the West Midlands newest and highest profile logistics/industrial developments and we are absolutely delighted to have been instructed by Bericote and their joint venture partner JP Morgan on the project. We are gearing up to get started shortly with the demolition and redevelopment of the former Toys R Us site that sits on the site currently to then follow with construction of this brand new three-unit mega scheme. Glencar has made its name in the construction of high-quality logistics/industrial units and we are looking forward to delivering another example of that for Bericote and JP Morgan across the full project team” Coventry Logistics Park is located close to Junction 2 of the M6 motorway offering excellent transport throughout the west midlands and beyond. For further information visit  https://coventrylogisticspark.co.uk/

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IKEA move to Kent as deal signed for former Littlebrook Power Station in Dartford thepowerhouse next to Amazon…

IKEA is officially moving to Dartford after it was revealed they are behind a deal to secure a 450,000 sq ft ‘powerhouse’, but the unit will sadly not be a customer-facing store. The Swedish giants have confirmed they have signed a 15-year lease with developers on a pre-let agreement for the massive warehouse, located at the former Littlebrook Power Station site on the south bank of the River Thames. They will be joining Amazon at the site after they recently moved into a 2.3 million sq ft ‘Mega Box’ distribution centre right next door, with the entire park undergoing fierce redevelopment to become a “critical last journey location inside the M25.” However, IKEA will not be opening a new store for customers as part of the plans, instead developing a massive new distribution centre which will “meet our customers wherever and whenever they need us.” The distribution centre in Dartford is set to serve IKEA’s stores across the UK and south east – including Greenwich, Croydon and Lakeside. A spokesperson for IKEA said they were “delighted to confirm” they would be moving into a unit at The Power House project in Dartford. “This exciting investment forms part of our ongoing transformation to become even more affordable, accessible and sustainable, accelerating our omnichannel approach to meet our customers wherever and whenever they need us, irrespective of where they live or whether they visit us in-store or online.” The ‘450@thepowerhouse’ unit is currently under construction, and it is not yet know when the site will be opening or how many jobs will be created. Adjacent to the IKEA site, Amazon have just moved into their own distribution centre at the old Littlebrook power station site, a vast £200 million build on a 45-acre plot of land. The move is part of an expansion for the retail titans, with around 1,3000 new jobs created locally in a welcome boost for the area. Workers are even being offered a £1,000 starting bonus amid worker struggles. With IKEA and Amazon m the former Littlebrook power station next to the Dartford-Thurrock River Crossing, The impressive unit in Dartford has been pre-let to IKEA by Bericote and Titrax Big Box who are leading the major regeneration of the area located adjacent to the QE2 Bridge and Dartford Tunnel on the south bank of the Thames. Titrax Big Box say the location will mean it’s project, a “rare asset so close to the heart of London,” will benefit from “exceptional transport connectivity via motorway, rail and water, excellent infrastructure, significant power provision and a robust labour market.” Jonathan Maher, development director at Bericote, said: “This letting underpins Bericote’s ongoing commitment to creating highly specified, modern and adaptable industrial and logistics solutions in strategic locations across the UK. “The pre-letting during construction of this speculative development underlines the strength of the market and the very attractive attributes of the site and we look forward to repeating the same success for the next phase of the development.” Charlie Withers, director of development for Tritax Management, added: “Securing a 15-year letting at thepowerhouse to another high quality occupier, further validates our strategic focus on development. “The new tenant, will join Amazon at what is becoming the preeminent logistics location in the UK’s South East.” Plans were submitted in June for the third phase of the project, and developers of the park also say they have allocated 30% of the overall Littlebrook site for permanent open space and habitat creation for wildlife. IKEA added: “As we continue to step up our sustainability commitments, guided by our established strategy to become People & Planet Positive by 2030, we were also attracted by the site’s significant biodiversity enhancement and habitat creation plans, which have informed the UK Green Building Council’s Nature Based Solutions best practice guidance for the industry.”

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