Property investor secures 54-acre Northamptonshire site

Godwin Developments has finalised an agreement with a group of landowners for the 54-acre South East Gateway site in Daventry.

They plan to construct an employment hub spanning around 500,000 sq ft on this site.

The exact purchase price remains confidential.

The site is situated off A45 London Road and already has a designated area of 32 acres in the Daventry local plan for industrial, logistics, and business purposes.

Godwin Developments received advice from Fisher German and Irwin Mitchell during the transaction, while Howkins and Harrisons served as the land agent for the sale.

Marcus Phayer, development director, industrial and logistics, at Godwin Developments, said: “We are really pleased to have secured this key allocated employment site in Daventry. With its proximity to the town centre and the M1 motorway, as well as the Grade A specification we have in mind, we are certain it would attract strong interest from potential occupiers. Our proactive and collaborative approach, combined with our proven track record, has enabled us to conclude this deal despite the current turbulent market conditions.

“We are keen to work closely with West Northamptonshire Council and local stakeholders, and are targeting a planning submission for circa 500,000 square feet of employment space in the first half of 2024. We also continue to seek opportunities in well-established distribution corridors, close to major population centres and transport networks – whether they are ‘oven ready’, allocated for employment, or strategic land promotions.”