Activity has been brisk during the past few months at a new 275,000 sq ft business park in Kettering; its changed hands, been rebranded and secured its first tenant.
Following the purchase of the 22 acre park – located adjacent to Junction 8 of the A14 – by Tristan Capital Partners during October, it has now been renamed Crossfire 14. This signifies its gateway position where the A43 crosses the A14.
Keen to take advantage of the central geographical location of Crossfire 14, commercial refrigeration specialist Capital Cooling has committed to lease a 24,534 sq ft warehouse. The company, which has operated from just outside of Edinburgh since 1996, will over the next few months move all warehouse and logistical capabilities to Northamptonshire, whilst retaining its headquarters in Scotland.
Capital Cooling CEO Steve Steadman, who has overseen a huge transformation since taking over in November 2018, outlined the plans: “While Capital Cooling will always have roots in Scotland it was clear to see that the operational side of the business was simply in the wrong part of the country.”
He added: “More than 80% of our deliveries take place south of the border and by shipping all goods to Edinburgh to then return them back down south for delivery was not only poor for efficiency but also for our environmental impact.”
Crossfire 14 comprises five high quality industrial/warehouse units offering accommodation from 25,000 to 100,000 sq ft. The completed units are being offered for lease and have been designed to a high specification to achieve the BREEAM Very Good and EPC ‘A’ rating. Features include 50K/n floor loading, 50M service yards, 8-12m eaves height, dock levellers, level access doors, car/HGV parking and high quality office accommodation.
Local property commercial property consultant Prop-Search has been retained to act alongside DTRE to market Crossfire 14.
Richard Baker, a Director of Prop-Search, said: “As part of the rebrand, we have also developed a new logo/visual identify for the scheme which has been rolled out in a number of ways including signage, a park website and marketing materials.”
“We are very excited to have welcomed our first tenant to the site and look forward to continuing our discussions with other occupiers who want to move onto the estate.”
“Much interest in the scheme continues to come from the on-line retail, logistics and warehousing sectors; drawn by its location, being a stone’s throw from the A14, as well as having easy access to the motorway network.”
Tristan Capital Partners has also appointed Canmoor to act as asset manager and Director Tom Maltby, added: “We are delighted to be working with Tristan on this exceptional opportunity. Crossfire 14 offers high quality buildings and with a limited supply of competing stock, the vacant space continues to receive significant interest from occupiers.”