Sladen Estates has bought a 45-acre site from Prologis in Mansfield, and is planning a 900,000 sq ft series of mixed-use buildings.
Prologis Park will be renamed Summit Park by the South Normanton-based developer, which intends to create an employment park with an end value of £56m.
The business park, off the M1, has planning permission for business, general industrial and storage and distribution use.
Sladen is planning 100,000 sq ft in multilet advanced manufacturing space, ranging from 2,500 sq ft to 12,500 sq ft.
The largest building that could be built on the site stands at 600,000 sq ft, with a number of other unit sizes possible.
Chief executive Nick Sladen said: “This is one of the most important deals that Sladen Estate has been involved in during recent years. Our local knowledge and extensive development expertise will ensure we deliver this scheme in the shortest possible time. We have had incredible support from the local authority which has been keen to encourage development.
“Our masterplan shows a variety of units, including an advanced manufacturing multi-unit scheme offering 100,000 sq ft in units from 2,500 sq ft to 12,500 sq ft.
North Rae Sanders acted for Sladen in the acquisition. The letting agents are North Rae Sanders, CPP and Lambert Smith Hampton.
chris.berkin@estatesgazette.com
