Developer to build 132,750 sq ft logistics unit at Symmetry Park
The last remaining plot at Symmetry Park near Worksop is set to become home to a 132,750 sq ft logistics building.
Site owner Tritax Big Box REIT plc says its dedicated logistics development company Tritax Symmetry has committed to speculatively develop the new unit at Junction 34 of the A1 (M) on the North Nottinghamshire/South Yorkshire border.
The news follows the letting of a 430,240 sq ft warehouse facility at the logistics and distribution hub to DIY giant B&Q.
The overall scheme is worth £70m and will eventually include up to 721,000 sq ft of logistics space.
Simon Dixon, development director at Tritax Symmetry, said: “We are pleased to commit to the speculative delivery of the last remaining plot at Symmetry Park. 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.”
The Leeds offices of Savills, Dove Haigh Phillips and Colliers International have been appointed to market the development.
Simon Dove, partner at Dove Haigh Phillips, 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 hot bed for industrial and distribution businesses, not least because of its direct access to the motorway.
“The new unit will have over 250 metres direct frontage to the A1(M), giving major brand prominence for any occupier, with a market leading specification and full infrastructure already in place.”