The construction of a new speculative 160,800 sq ft industrial warehouse on the site of the former Weetabix factory on the Earlstrees Industrial Estate in Corby has been given the green light by councillors.
Copley Point Capital – on behalf of its Block Industrial program and Pembury Real Estate Ltd – submitted a planning application to North Northamptonshire Council earlier this year having purchased the 8-acre site on one of the town’s prime industrial parks. This application has just been approved by local councillors at a planning committee meeting.
The demolition of the existing building is close to being completed and the construction of the new unit will commence shortly with a view to delivering a new best-in-class facility by Q3-2023. The unit will be BREEAM Very Good rated and will feature a 12.5m minimum clear eaves height, 16-dock and two-level access doors, together with a 50m yard.
Copley Point Capital director, Nimit Oberoi, said: “We’re very pleased to have obtained planning permission for ‘Earlstree160’ just seven months after our acquisition. This is a testament to the hard work of our team and the positive and pragmatic attitude of North Northamptonshire Council.
“The development is in an excellent location where there is very little supply of new, high-specification industrial units. Earlstree 160 is best placed to help satisfy the strong demand for Grade A urban logistics and industrial space that there is for businesses operating locally, regionally and nationally.”
Prop-Search, Cushman & Wakefield, and Potter Learoyd have been appointed as marketing agents and Richard Baker, a director of Prop-Search, added: “We are already encouraged by the level of enquiries we have received. The appetite for ‘A’ grade warehouse space in the region remains high and this development will further support local economic growth and offer new job opportunities.”
