A planning application for a £140m warehouse and distribution park in Peterborough has been submitted by Gateway Partnership, a joint venture between Frenbury Properties and Simons Developments in partnership with Milton (Peterborough) Estate Company to Peterborough City Council.
The scheme will be built on Milton’s 48.16ha (119 acre) site adjacent to the A1 at Alwalton Hill, Peterborough in Cambridgeshire. Work should commence on site this year and be completed by 2010 creating approximately 2,500 jobs. The five buildings at Gateway Peterborough will total 168,799.3 sq m (1.817 million sq ft) and will put Peterborough on the map as a logistics centre.
Frenbury Properties chief executive Wally French said: “There is a strong demand for large, modern warehouse and distribution facilities in Peterborough. Gateway will really put Peterborough on the map as a logistics centre. If granted approval, we anticipate commencing work on site before the end of the year and the first occupiers moving in during the summer of 2007.”
The proposal is to develop a net 30.35ha (75 acres) for distribution warehousing (predominantly high-bay) similar to that which has recently been undertaken for IKEA and Debenhams on the Fletton Parkway and Tesco at Parnwell.
John Bridge, chief executive of the Cambridgeshire Chambers of Commerce, said: “We believe that this development gives a welcome opportunity for new jobs in Peterborough as part of the planned growth and development. In particular, we believe the site is ideally situated to a development of this nature, alongside the A1, where the vehicle movements will be able to take place without any impingement on people’s quality of life. It is a very welcome proposal and one which we very much hope will be fully supported by all parties and the local authorities to ensure it can happen as quickly as possible.”