10-Acre Site at Suffolk Park Sold to Treatt!
Hazells Chartered Surveyors who have been appointed by developer Jaynic as the marketing agents for the 114-acre Suffolk Park were delighted when it was announced that Treatt, an ingredient solutions provider and major local employer, will be moving onto the Enterprise Zone in the Suffolk Park. Proceeds from the sale of the 10-acre site will be used to fund the park’s initial infrastructure. This success has been highlighted in the East Anglian Daily Times, Bury Free Press, Estates Gazette News and Pathfinder East.The EADT quoted Dean Taylor, director of operations at Treatt, who said: “Treatt is delighted to announce the exchange of contracts at Suffolk Park. This will be one of the most significant company developments in the last 50 years and will revolutionise almost every aspect of the business. It will enable Treatt to excite its customers even more, improve efficiency and further accelerate its growth.”The New Anglia Local Enterprise Partnership (LEP) has been involved with negotiating Government funding for the “flagship” project. Chris Starkie, managing director of the LEP, said: “Treatt’s commitment to the Suffolk Business Park is testament to the excellent infrastructure the site has to offer, and to the superb benefits of discounted business rates, simplified planning and superfast broadband offered on our ten enterprise zone sites across Suffolk and Norfolk. And of course it’s great news for the success story of economic growth here in the East.”Please see below snippets of an interview between Jonathan Lloyd and Emma Finn from Pathfinder East on the Suffolk Park development:Emma: What are the benefits to businesses moving onto Suffolk Park?Jonathan: The site is adjoining the established commercial developments of Moreton Hall and is also close to substantial existing and proposed new housing, which could be very convenient to attract and retain staff. Together with the high school, gym and other nearby facilities, occupiers will find that they are at the centre of both a business and community hub.The Park is also very accessible from the A14. There will be superfast broadband, access to a large, skilled workforce, there will be plentiful parking, bus and cycle routes, and, of course, Bury St Edmunds, is a wonderful, vibrant town, which will be attractive to new employees to the area.Emma: The Enterprise Zone, clearly gives added benefits to businesses. What are the criteria for moving on to the Enterprise Zone?Jonathan: The Enterprise Zone within Suffolk Park has been created to meet the growth objectives of companies in sectors such as digital and new media, food and agriculture and high value manufacturing clusters. As well as guaranteeing superfast broadband and simplified planning it also offers occupiers rates relief of up to £55,000 per annum for the first five years of occupation.Emma: We understand that Treatt, the ingredient solutions provider, will be moving on to Suffolk Park. Treatt is a major employer in Bury.Jonathan: Yes. We are really excited. Treatt has acquired 10 acres of land and a new 200,000 sq ft headquarters building is planned for the site with construction due to start following receipt of detailed planning consent. We hope to be able to announce further occupiers in the very near future.Emma: So, what is on offer to businesses interested in moving to Suffolk Park?Jonathan: We are seeking a range of occupiers, generally they will be seeking premises from between 10,000 sq ft to 750,000 sq ft but we are happy to deal with any enquiries. Land and buildings will be available either on a pre-let or pre-sold turn-key developments. There will also be opportunities for land acquisitions. Uses will include offices, warehousing, light industrial and sui generis uses – those which don’t fall into any particular building class.Emma: What makes Suffolk Park important for businesses?Jonathan: This is a major development for the Bury area which is strategically placed along the A14 corridor, with Felixstowe, Ipswich, Cambridge and Norwich within easy reach. It is affordable and will create fantastic opportunities for businesses which are looking to expand and grow. So to find out about opportunities on Suffolk Park and the Enterprise Zone we urge businesses to get in contact now.For the full interview, please visit http://www.pathfindereast.co.uk/park-life/.