HBD has completed two deals at Airport Business Park Southend (ABPS) totalling £19.3m.
The developer will deliver a £14.3m building spanning 129,000 sq. ft. for IPECO; it’s second base at the scheme designed and built by HBD. Work is due to begin on site in May, with the aircraft seating manufacturer expected to take occupation early next year.
HBD will also design and develop a £5m building for CAMA. The 27,600 sq. ft. purpose-built warehouse will allow CAMA AssetStore to grow its business; sustainability-focused storage and asset management specialising in the reuse of sets, props and costumes for film and TV. Work will complete in Q4 2023, with CAMA expected to move in early 2024.
ABPS forms part of an ambitious new vision for Southend-on-Sea. The 52-acre development is being delivered in partnership between HBD and Southend-on-Sea City Council.
Ed Hutchinson, Managing Director at HBD said: “ABPS is a hugely successful scheme that has attracted valuable inward investment for Southend and provided the space, resources and ecosystem for businesses like IPECO to deliver on ambitious growth strategies. It’s great to see IPECO expanding further at ABPS and we’ve no doubt that it will prove an equally successful location for CAMA.”
He continued: “Availability of good quality, sustainable industrial and logistics space remains very low across the South East, as in the rest of the country, which, along with the D&B options available, has continued to drive strong interest in ABPS.”
Located adjacent to London Southend Airport and close to major transport networks, ABPS occupiers benefit from unrivalled connectivity within an established business location.
HBD is the property development arm of the Henry Boot Group. It has seven regional offices and is working with a £1.25bn development pipeline across industrial and logistics, residential and urban regeneration. Its London office is spearheading the delivery of Airport Business Park Southend, one of several large-scale regeneration projects across the South.
Other HBD schemes within the region include Momentum, a 380,000 sq. ft. carbon neutral, BREEAM Excellent industrial scheme being brought forward with Barings, and Workstown in Enfield, the regeneration of a 28-acre site in partnership with Enfield Council.