Buckingham bags record speculative shed from Tritax

Grant Prior 1 year ago

Tritax Symmetry is speculatively developing its largest logistics facility to date at Symmetry Park in Kettering.

Buckingham Group has been awarded the contract to build the 500,000 sq ft cross dock logistics facility with construction set to start this month and complete next April.

It will be the second unit to be brought forward at Symmetry Park, Kettering following the completion in February of a 312,875 sq ft unit which was pre-let on a 15-year lease.

Jonathan Wallis, Development Director and Head of Tritax Symmetry’s Northampton office, said: “Our decision to speculatively develop Kettering 500 is a direct response to extensive research into the occupational market which highlighted a supply vs demand imbalance in the 500,000 sq ft size bracket.

‘Kettering 500 will showcase a best-in-class institutional specification, together with Tritax Symmetry’s own high design and sustainability standards.

“Symmetry Park, Kettering represents a new era of logistics development, with wellbeing, sustainability and power security playing a fundamental role in the design.  It is this customer and employee-based approach that has helped us attract multi-national organisations whose ESG values very much mirror our own and give us the confidence to commit to further speculative development.”

James Harrison, International Partner, at letting agent Cushman & Wakefield, added: “This bold decision from Tritax Symmetry demonstrates its confidence in the UK logistics market and the strength of the A14 corridor as a logistics warehouse location. This facility is being built to meet the demand of businesses looking to occupy a building with the very best ESG credentials in an established logistics hot spot.”

Symmetry Park, Kettering is located on a 136-acre site alongside Junction 9 on the A41 and has outline planning consent for 2,310,000 sq ft of logistics floor space.

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