Commercial developer announces business park acquisition

Commercial developer Onyx Business Parks is to purchase a new site in Devon.


Onyx has announced it is to acquire Roundswell Enterprise Park.


Onyx Business Parks obtained planning in late 2023 for the development of 29 Hybrid Business Units extending over 35,000 sqft. The multifunctional business units can be used by a variety of small to medium size businesses with unit sizes ranging from 1,000 to 10,000 sqft. 


The scheme will generate over 54 temporary jobs during construction and 160 full-time jobs onsite once complete.


It is estimated that once complete, the gross value added is estimated to be £10m per year.


Roundswell Enterprise Park is located next to the A39 between Barnstaple and Bideford, serving as a key location for business distribution and manufacturing.


Its strategic placement next to the North Devon Link Road offers direct links to Junction 27 on the M5 to the south-east, and to locations along the coast via the A39 “Atlantic Highway”.


Onyx Business Park sales manager Lewis Watts said: “We have been encouraged by the number of enquiries we’ve received indicating positivity in the North Devon and South West Business Market.


“In keeping with Onyx values, the scheme puts sustainability at the heart of the development installing solar PV on all units with EV chargers and meeting EPC A and BREEAM ‘Excellent’ benchmark.”


Rufus Gilbert, Devon County Council’s cabinet member for economic recovery and Skills, added: “Onyx Business Parks is currently developing high quality business units at Skypark near Exeter and we’re looking forward to working with them again here at Roundswell to provide more of the same.


“Roundswell Enterprise Park is already home to the hugely successful Node Cowork enterprise centre which has demonstrated that the demand from businesses in North Devon is very much there.


“I’m certain that with the addition of Onyx’s business units on the site, Roundswell Enterprise Park will become a vital asset to supercharge growth of the North Devon economy.”


Units are due to be completed in 2024 and on sale from Spring 2024, providing a timely opportunity for businesses ready to grow and progress. They are ideal for a range of businesses, providing flexible layouts for occupants.


Charles Berry, Managing Director of Onyx Business Parks said: “We are pleased to collaborate with Devon County Council in bringing the multifunctional business unit scheme to fruition. There’s been significant interest from a diverse range of both established and emerging businesses throughout North Devon seeking best in class accommodation.”