Developer Stoford has signed a new long-term site wide agreement with the Church Commissioners for England that will unlock future phases of development at the 55-acre Exeter Logistics Park scheme in Clyst Honiton Devon.
The agreement paves the way for an additional c.500,000ft2 of industrial/logistics accommodation that will be developed on a design and build basis, with new units made available on freehold or leasehold terms.
Dan Gallagher, Joint Managing Director, Stoford said: “Exeter Logistics Park is already one of the region’s leading business parks and is enabling distribution and logistics businesses to thrive in purpose-built buildings. We have placed a large emphasis on the sustainability credentials of the scheme, as well as promoting employee health and wellbeing, which is attracting occupiers of the calibre of DHL.”
The developer has recently delivered more than 83,500ft2 of new industrial/logistics space on the site with a 28,500ft2 speculative warehouse built in partnership with Urban Logistics REIT as well as a bespoke parcel distribution centre for DHL totalling 55,000ft2.
DHL’s new bespoke facility will deliver the same employment level as a typically larger scale unit but has been designed to minimise the number of vehicles required on site, to reduce its environmental footprint. The building benefits from several sustainability features including PV solar panels, EV charging points, a sustainable urban drainage system and a green roof atop integral office area.
The new speculative development is a flexible industrial/warehouse space with integral first floor fitted offices and is expected to operate as a conventional facility. It includes 8m eaves height, 35m yard depth, three level access doors, cycle storage and 38 car parking spaces.
Both new developments are EPC A rated and meet BREEAM ‘very good’ standards, and will benefit from onsite trim trail and outdoor gym areas, including bodyweight exercise equipment.
It is estimated that Exeter Logistics Park could contribute between £90 million – £105 million to the regional economy when fully complete.
Joint letting agents are JLL and Cushman & Wakefield.