IM Properties secures planning for 1.1 million sq ft Northampton warehouse scheme

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IM Properties has won planning permission for a 1.1 million sq ft industrial and logistics scheme near Towcester in Northamptonshire, East Midlands.

Permission was given at a virtual planning committee meeting by South Northamptonshire Council last week. The £100m  development will create more than 1,500 jobs.

The development envisages a number of units with a maximum eaves height of 23m.

The company also announced that is was pushing ahead with the first phase of its £140 million mixed-use employment scheme in Stratford Upon Avon, which could support up to 1,650 jobs when complete.

Stratford 46 business park, is located on the west side of Stratford Upon Avon and will be directly accessed off the A46.  The scheme is now being marketed to potential occupiers, which IM Properties believes could include national as well as local operators.

Lewis Payne of IM Properties said: “The pent-up demand and lack of opportunity up and down the M40 and M42 corridor for business space, both logistics and offices, mean new schemes coming forward can be quick to let.

“The first-class connectivity and access to a skilled workforce make a robust case for Stratford 46 as a prime strategic business location for all sectors.”

Stratford 46 is just 7.5miles from J15 of the M40, leading to the M25 to the South and M42 to the North.

The scheme will offer a mix of logistics, office and roadside premises. A flexible planning permission means that units can range from 10,000 sq ft up to 250,000 sq ft for a single letting.

Avison Young and Colliers are acting as joint agents.

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