The fast pace of take up at the second ‐ and final ‐ phase of Eagle Business Park is a testament to the success of the whole development.
That’s the view of Eddisons incorporating Barker Storey Matthews who has been the sole agent at Eagle Business Park since the planning stage of the first phase of the 43 acre, two phase landmark industrial development in Yaxley, south of Peterborough, 13 years ago.
With planning approval pending this summer (2021) on the remaining courtyard scheme of ten units (Condor Court) ‐ which forms part of the last estate of the park’s final development phase ‐ 12 the 27 available units of the three of the schemes in this final set (Firecrest, Razorbill and Ravens Court) are already reserved a full year ahead of scheduled occupation next summer (2022).
Similarly, a scheme under construction and due to be completed in September (2021), Crusader Court, had no units for sale by mid‐year this year.
In addition, eight units at Frankland Commerce Park, being developed in association with Eagle Business Park, by the same developer Barnack Estates UK Ltd were all under offer well before build completion last month (June 2021).
While Eddisons points to the impressive take up rates at the latest schemes of this final phase of Eagle Business Park, the agent comments further on the occupiers.
Since this last phase commenced in 2018, 52 businesses have located to Eagle Business Park. Thirty per cent of these businesses are relocations or expansions, for additional capacity, from outside the Peterborough catchment area.
Richard Jones, Director, Eddisons, has led the firm’s agency at Eagle Business Park since before the first phase struck ground in 2008.
Commenting as the end of final phase is under construction this summer, he said, “What is playing out at Eagle Business Park’s final phase reflects the wider industrial property sector market, regionally and nationally.
“Beyond that, it is a tribute to the vision and commitment of Barnack Estates UK Ltd. Eagle Business Park has positively transformed the area and is part of the development momentum of Peterborough in the past few years that has offered ‐ and will continue to offer ‐ wealth creation and employment opportunities.
“As a new‐build industrial development, the park has played a significant role in profiling this south side of Peterborough as a key commercial location to indigenous and out of area businesses.
“As such, it’s a development with which we have been proud to be associated from its inception to its conclusion in the coming 18 months.”