National logistics developer db symmetry has completed the first 150,000 sq ft logistics building at Symmetry Park at Blyth as part of an overall £70 million investment into the region.
The speculative venture is the first in the region by db symmetry, which is one of the UK’s biggest developers of prime logistics accommodation with nearly 4,000 acres of land in its portfolio.
Recognising a geographical shift in demand for space in the north by occupiers due to accessibility and labour resource, db symmetry is confidently expanding its portfolio with deals in lawyers’ hands to double its current 140-acre landbank in the region by the end of the year.
Symmetry Park is prominently located at Junction 34 of the A1 and adjacent to Blyth services on the North Nottinghamshire/south Yorkshire border.
db symmetry has consent and is committed to deliver up to 721,000 sq ft of logistics space on the park and has already agreed deals for Euro Garages to deliver a branded fast food restaurant and coffee shop and Irizar to build a luxury coach showroom at the entrance to the site.
Andrew Dickman, Director at db symmetry said: “We are a cautious developer that is selective on speculative development. Our decision to speculatively build at Symmetry Park comes at a time when there is a strong level of demand but limited availability of high-quality logistics space in the north.
“The 150,000 sq ft building has been designed with great flexibility, allowing for extension up to 250,000 sq ft.
“The building, coupled with completed full site infrastructure work, now enables us to quickly react to market requirements within that size bracket but also be poised to quickly deliver additional bespoke manufacturing/distribution space up to a 550,000 sq. ft.”
The project team for the project includes Lichfields as planners, Kilmartin Plowman & Partners as architect, Shepherd Gilmour as Engineers, Couch Perry & Wilkes as infrastructure consultants, QS Goodrich Consulting for project management and environmental consultancy Penny Anderson Associates.