Planning for 465,000 sq ft of speculative warehousing space in Northamptonshire has won approval by South Northamptonshire Council.
The development will comprise two storage and distribution facilities of 304,000 sq ft and 162,000 sq ft and will be built by developer Goodman on land previously known as Zone C at Grange Park.
Goodman bought the 21.5-acre site from RBS Real Estate Asset Management in September last year and rebranded the site Northampton Commercial Park. It is located adjacent to Junction 15 of the M1 motorway, Grange Park, Northampton and is considered one of the most sought after logistics locations in the UK.
Explaining why the developer decided to push forward with speculative development on the site, Charles Crossland, Managing Director of Goodman UK Logistics, said: “There is a distinct lack of Grade A logistics space in the Northampton area, and indeed the wider region and we are keen to commence development as soon as possible to encourage investment and new jobs.”
Businesses currently occupying space in the area include John Lewis, Travis Perkins, and Carlsberg. Development on the 500 acre Grange Park site began in the early 2000s, with initial development including a distribution park, offices, hotels and new homes.
Units are expected to be available from Q4 2015. Letting agents on the scheme are Lambert Smith Hampton and JLL.