Land for a new logistics park in Bedford has been acquired by Northants based Mulberry Developments which will see £30 million of investment and the potential for more than 250 jobs.
The site 12.12 acre site, located off Hudson Road in Elms Farm Industrial Estate was formerly part of a larger site owned by 3M and is now set to be cleared and a planning application submitted for up to 250,000 square feet of logistics space.
Mulberry hopes to attract a range of freehold and leasehold industrial, logistics and some manufacturing tenants bringing much needed new commercial space to the area, which is a key location for UK transport links and available labour.
Phil Jones, Development Director at Mulberry Developments, said, “We are delighted to have been successful in securing this site, which we believe will be a sought after location for businesses looking to relocate or expand into the county.
“Bedford has perhaps been overlooked previously but it is now growing in popularity with occupiers keen to take advantage of the easy access to major routes via the A1 and M1.
“As a local, privately owned developer we look forward to working closely with the local authority to bring forward a much needed, high quality, brand new logistics park to Bedford which will be a prime addition to our portfolio of in demand commercial space.”
The site, which is yet to be named, will be marketed by agents M1 Agency, Cushman and Wakefield and Louch Shacklock.
Andy Hall from M1 Agency added, “This is an exciting project to be involved in and we actively looking to speak to interested parties about how this development could suit their future business needs.”
The new jobs will be created once the development is completed. Additional jobs will be provided throughout the construction process. The site is already vacant after 3M consolidated its operations last year. Subject to planning approval, Mulberry hopes to start work during the latter part of 2019.