A planning application has been submitted to develop a new £7.5 million manufacturing and distribution facility on an established industrial park in Buckingham.
Midlands-based developer the Deeley Group has put forward the application to Aylesbury Vale District Council to build the new 40,000 sq ft unit at Buckingham Industrial Estate, which is forecasted to create 50 new jobs.
If the application is successful, the developer is expecting to be on-site by winter 2022, with completion of the new industrial unit targeted for autumn 2023.
The land will be acquired, subject to successfully gaining planning consent, from the Human Capability Foundation – a grant-making foundation based in Buckingham which is supported by Natco Foods Ltd.
The site has an historic planning consent for use as a cash and carry linked to the adjacent factory.
Deeley Group is currently seeking a tenant or occupier for the manufacturing and distribution facility.
The business, which is headquartered in Coventry, has experience of providing manufacturing facilities in Buckinghamshire having developed Buckingham’s first purpose built freehold business centre, and constructed 70,000 sq ft of industrial units at Kites Park in Princes Risborough.
Andrew Brazier, development consultant at the Deeley Group, said: “This scheme will create a vital new employment opportunity for the manufacturing and logistics industry in Buckinghamshire.
“There is a growing need in the region for industrial units of this type. The development is perfectly positioned on an established, thriving industrial park which benefits from excellent transport links to the A421 and nearby motorways.
“This will be the third time that we have worked in Buckingham, following the hugely successful bespoke development of industrial units at Swan Business Centre and Anglevale.
“We hope, depending on planning consent, to have the unit completed by autumn 2023 and will be seeking a tenant or occupier for the facility in the coming months.”
Ziran Land is a joint venture partner on the development with the Deeley Group.
Chris White, chartered surveyor and managing director of White Commercial, introduced the opportunity to Ziran Land and Deeley Group and is the developer’s retained agent on the scheme.
Chris said: “This scheme – Signet 40, provides a quality building in its own self-contained site – to be developed by Deeley Properties between the M1 and M40 – in an area with significant shortages of quality Industrial and Warehousing accommodation.
“We are already receiving a good level of interest for the building. The availability of the unit ‘for sale’ is also attracting many companies unable to locate buildings they can own and occupy.”
Follett & Co is acting on behalf of land owner, the Human Capability Foundation, in the deal and is joint agent for the scheme.
