Tritax Symmetry has committed to speculatively build a state-of-the-art, 132,750 sq ft logistics building on the last remaining plot at Symmetry Park Doncaster.
The news follows a major deal with B&Q, which is taking a 430,240 sq ft warehouse and distribution facility that is already under construction.
Located at Junction 34 of the A1(M) on the North Nottinghamshire/South Yorkshire border, Symmetry Park is a £70m industrial and distribution scheme being delivered by Tritax Symmetry. The developer has committed to provide up to 721,000 sq ft of logistics space on the site.
Development director Simon Dixon said: “We have identified strong ongoing occupier interest in the region and our deals with B&Q, Butternut Box and Euro Garages are testament to the site location right off the A1(M) and directly opposite Blyth Services, with high visibility and great accessibility from both sides. Having a site with infrastructure already enabled and detailed planning consent in place allows us to react quickly to market demand with a premium, bespoke and highly sustainable new premises in this prime logistics location.”
Simon Dove, partner at Dove Haigh Phillips, which is advising on the development with Savills and Colliers International, said: “This commitment from Tritax Symmetry to speculatively deliver the third and final unit, offering over 132,000 sq ft is testament to a very strong occupier market. In particular for this location, which has become a hotbed for industrial and distribution businesses, not least because of its direct access to the motorway.
“The new unit will have more than 250m of direct frontage to the A1(M), giving major brand prominence for any occupier, with a market leading specification and full infrastructure already in place. Symmetry Park has an unrivalled USP with the ability to provide up to 8MW of power, future-proofing the entire site.”
Tritax Symmetry has a land portfolio of 4,150 acres, capable of accommodating 40m sq ft of logistics space in the UK. The company has committed to a speculative build programme of units totalling more than 2.4m sq ft during 2022.
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