Gladman Developments has secured a 12.11-acre site for a speculative 200,000 sq ft distribution development on the A14 at Saxham, near Bury St Edmunds in its first foray into East Anglia.
The site has outline planning permission for use as a distribution facility (B8) and Gladman Developments plans to submit a planning application for two speculative distribution warehouses of 140,000 sq ft and 58,000 sq ft. The company will start construction as soon as it receives planning permission.
The 200,000 sq ft warehouse complex is expected to have an end development value of £18 million and help to create up to 200 new jobs.
Strutt & Parker and Barker Storey Matthews are joint letting agents.
“Saxham is a strategic location on the A14 on the main route to Felixstowe and close to the A12, M11, and A1,” says Mike Sowerby of Gladman Developments.
“This is our first deal in East Anglia, but we hope it will be the first of many.”