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Posted by Richard on November 27, 2018
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DEVELOPMENT COMPLETES ON TWO SPECULATIVE LOGISTICS WAREHOUSE UNITS AT SUFFOLK PARK, BURY ST EDMUNDS, SUFFOLK

On Monday, 26th November 2018, Councillor John Griffiths, the leader of St Edmundsbury Borough Council, opened two new warehouse units at Suffolk Park, Bury St Edmunds.

The two units of 147,241 sq ft and 206,491 sq ft respectively, on a 19-acre plot at Suffolk Park, are available for immediate occupation and were constructed by Readie Construction Ltd on a £13m contract.

The BREEAM excellent development has a 12.5 m clear eaves height, 50m deep service yards, level access and dock loading together with ancillary offices. These units are the first to be constructed on the 114-acre park that has planning consent for two million sq ft.

Councillor Griffiths, said: “This is the next chapter in a story that will see the Council and its partners deliver new jobs for the future prosperity of the people we serve in West Suffolk. The Council played a lead role in securing the Eastern Relief Road and land for this business park development. Our vision is for a range of business growth at the park creating opportunities that will enhance the mix of jobs and skills that we have in this area. Treatt will build its new global headquarters here, Sealey has secured land for it to expand onto the park and with the completion of these two new business units, we look forward to the announcement of more businesses coming to Suffolk Park.”

Ben Oughton, development director at Jaynic, said: “this is a great opportunity for a company needing immediate warehouse facilities right on the A14 with its fast connections into the UK motorway network. There are no other developments in the region of this size and quality for companies to move into straight away and, already, are conversations with potential occupiers are meeting with a very positive response.”

Richard Pyatt at Hazells commented: “these two units represent the only opportunity for logistics occupiers to take accommodation of this quality and size in the region and underlines Bury St Edmunds strategic locational importance on the A14, in the heart of East Anglia, within one hour of The Port of Felixstowe.”

Suffolk Park has already secured local companies Treatt, to develop a new 200,000 sq ft global headquarters complex and Sealey, to take a 7.5-acre site for expansion. An added benefit is that 37-acres of the park are within New Anglia’s Enterprise Zone. Qualifying occupiers can obtain up to £55,000 per annum of business rates relief for five years totalling £275,000. This is a major plus for Suffolk Park and a great incentive for expanding companies in the region to consider.

The development is part of a broader multi-partner initiative with St Edmundsbury Borough Council and housebuilder Taylor Wimpey to support a range of new and existing businesses in the Bury St Edmunds area and to continue to create jobs and prosperity.

Jaynic has appointed Hazells as agents for the scheme and interested parties should contact either Jonathan or Richard on 01284 702626.  For further information  www.suffolk-park.uk

 


Richard Pyatt MRICS

Director – Commerical Property