Property developer, Stoford, has announced a new site-wide agreement with the Church Commissioners for England for an additional 500,000ft2 of logistics and industrial space at Exeter Logistics Park, Clyst Honiton in East Devon.
Stoford will develop the scheme on a design-and-build basis, with new units made available on freehold or leasehold terms.
Stoford has already completed construction of a new 90,000ft2 distribution unit and a 415-space electric vehicle charging park at Exeter Logistics Park, for Amazon.
Works are also underway on the construction of a further two new buildings, including DHL’s 54,732ft2 parcel distribution service centre and a 28,464ft2 warehouse that is being developed speculatively.
The new developments are characterised by strong environmental credentials, including green roof spaces, a sustainable urban drainage system, provision of solar panels and an external trim trail with outdoor gym and fitness area. They are expected to be completed this month and have the potential to create more than 100 new jobs.
“We are on track to deliver the two new buildings in Q1 this year and the new agreement will enable us to further develop the scheme to meet continued demand,” said Dan Gallagher, Joint Managing Director, Stoford. “This is a sustainable scheme that has already attracted high calibre, international occupiers. It has all of the attributes to become the South West’s leading distribution hub, south of Bristol.”
Joint agents are JLL and Cushman & Wakefield.