Developer Frontier Estates has paid £340,000 an acre for the final plot at Parlison Properties’ A1M1 Link scheme in Northampton.
The developer has bought the 12.5-acre Triangle site, which has planning permission for a 255,000 sq ft warehouse.
Parlison Properties was advised by Savills and Burbage Realty while Frontier Estates was unrepresented. Graham Brown of Savills said: “The price achieved reflects the efficiencies of developing large sheds to meet market demand, particularly in the B8 sector. This is a record land price for the location.”
The Triangle is the final part of the A1M1 link site at Thrapston to be developed. The A1M1 link is a 100-acre (40.5 hectare) warehouse and industrial development fronting the A14. Other occupiers at the park include Ikea, Superior Group, Avandero and International Paper Containers.