A new speculative 160,800 sq ft industrial warehouse is to be constructed on the former Weetabix factory site on the Earlstrees Industrial Estate in Corby.
Having recently purchased the 8-acre site on one of the town’s prime industrial parks, Copley Point Capital – on behalf of its Block Industrial program and Pembury Real Estate Ltd – have drawn up plans for the demolition of the existing building and a scheme for a new best-in-class facility.
A planning application is on schedule to be submitted this month with the intention of speculatively delivering the scheme by mid-2023. Prop-Search, Burbage Realty and Potter Learoyd have been instructed to seek a tenant for the project – Earlstree 160 – which will feature 12.5m minimum clears, 16-dock and two-level access doors, together with a 50m yard.
Commenting on behalf of the appointed letting agents, Richard Baker, a Director of Prop-Search, said: “There is a lack of available new stock of this size in the North Northamptonshire region, so this joint venture is a very timely development.”
“It is perfectly placed to accommodate the pent-up demand from occupiers with household names in Avon, CEVA, Weetabix and Saint Gobain proving that the business park, with its excellent transport links and access to a skilled workforce, is an attractive proposition to successful national companies.”
Copley Point Capital, Director, Nimit Oberoi, added: “We are excited to work with Prop-Search, Burbage Realty and Potter Learoyd to find the right occupier for our scheme. The team has an exceptional track record in the Northamptonshire market and provide the right balance between national and local market coverage.”