Salmon Harvester’s joint venture with NFU Mutual is to speculatively develop a 76,000 sq ft industrial building in Enfield after agreeing forward funding from AXA Real Estate.
Axa will fund the £11m block on behalf of Friend’s Life. It will cover a 3.5-acre site at Innova Park with completion scheduled for December.
Quoting rent for the space is £9.50 per sq ft.
Salmon Harvester chief executive Doug Stewart said: “Innova Park is a well-established industrial and warehouse location with excellent links to the motorway system. We expect strong interest in the development from third-party logistics operators and the growing number of e-tailers in the region.”
Glenny and CBRE are joint letting agents. HSM advised Salmon Harvester on the funding.
chris.berkin@estatesgazette.com
