Last plot at Castlewood Business Park reaches practical completion
Contractor Roe Developments has achieved practical completion on the last remaining plot at Castlewood Business Park as part of the development funding deal between Clowes Developments and Hines.
Site owner, Clowes Developments, instructed Roe Developments to build the 76,680 sq ft standalone unit as part of the 1.36m sq ft portfolio with global real estate investment, development and property manager, Hines.
The Normanton unit was designed by IMA architects and comprises of a 72,386 sq ft single storey warehouse and 4,294 sq ft office and welfare space which is split over two floors and front of the building.
In total, the partnership is is developing eight warehousing and light-industrial units covering a total of 1.36m sq ft) across the East Midlands. In 2022, the first of the units, a 195,000 sq ft warehouse was delivered at Dove Valley Park in South Derbyshire. In 2023, to date, a 342,000 sq ft unit has been delivered at East Midlands Distribution Centre and an additional three units totalling 268,000 sq ft have been handed over at Fairham Business Park. With the latest completion at Castlewood, there remains only two plots at Dove Valley Park which are due to achieve practical completion early next year.
Greg Cooper, managing director at Hines in the UK, said: “The completion of Castlewood is another important milestone for our partnership with Clowes, with over 75% of the portfolio now successfully delivered.
“We are delighted to be developing best-in-class buildings that meet the needs of today’s occupiers, with Castlewood achieving BREEAM ‘excellent’ certification and including EV charging infrastructure and the ability to support the installation of solar photovoltaic (PV) panels.
“The quality of the offering at Castlewood is reflected in the strong interest we have received from several occupiers. We look forward to continuing our work with Clowes to deliver the remaining space at Dove Valley Park in early 2024.”
James Richards, development director at Clowes Developments (UK), added: “Castlewood has been a brilliant site since we started development in 2010. Plot 10 is the last plot to be developed at this flagship site. With excellent transport links and direct access to the main arterial route through the Midlands, it’s no surprise that Castlewood has welcomed a number of nationally recognised names including Parker Knoll, Co-Op and Alloga but also provided a unique opportunity for local businesses to grow and expand such as CST, ConSpare, Charles Pugh and many more. We are extremely proud of this development, and we wish Hines all the best with their new unit.”
