Roadside retail property business, Euro Garages has purchased a 1.2-acre plot to expand its presence at Symmetry Park located at Junction 34 of the A1 (M).
The EG Group, which has a portfolio of around 4,500 sites across the UK, mainland Europe, the USA and Australia, already occupies a one-acre site at Symmetry Park where Starbucks and KFC opened last year. It has now committed to double the size of its roadside offer with a further branded fast food offering.
Located on the North Nottinghamshire/South Yorkshire border, Symmetry Park is a £70million industrial and distribution scheme being delivered by Tritax Symmetry.
The national logistics developer has committed to deliver up to 721,000 sq ft of logistics space on the regionally significant site and has already completed the first phase of speculative development. A 150,000 sq ft unit with ancillary offices and parking is now available for occupation and has been designed with flexibility, allowing for extension up to 250,000 sq ft.
The completion of full site infrastructure works at Symmetry Park also now enables Tritax Symmetry to quickly react to market requirements within that size bracket but also be poised to deliver additional bespoke manufacturing/distribution space up to a 550,000 sq. ft.
Speaking about the deal, Freddie Oakey, Associate Development Director at Tritax symmetry, said: “Euro Garages has enjoyed very strong trading since opening Starbucks and KFC at Symmetry Park.
“We are delighted that Euro Garages plans to deliver another fast food offering on site which, combined with facilities at the service station just opposite, provides a very broad amenity offering to new occupiers at Symmetry Park.”
David Myers, Development Director at Euro Garages Ltd said: “This transaction represents a strategic purchase for the EG Group in a high-profile roadside location. The acquisition became an easy decision for our business to make on the back of excellent trading of our Starbucks and KFC units and the high-quality specification of the adjacent industrial development. Working with Tritax Symmetry was a pleasure and we look forward to extending our relationship elsewhere.”