The final phase of development at M&G Real Estate’s Buckingway Business Park, Cambridge’s largest speculative warehousing scheme built in the past decade, is now fully underway and is due to be ready for occupation by February 2018.
Owned by M&G Real Estate the 155,000 sq ft scheme is being developed by Goya Developments and Barwood Capital which will comprise of four high-specification units ranging from 25,000 sq ft to 50,000 sq ft.
Each unit will include Goya’s leading brand of HQ style offices and entrance lobbies. To encourage green commuting, the buildings will have bike shelters and electric car charging point. Each building will have dedicated yard space and extensive car parking. Occupiers of the new units will benefit from 8 or 10 metre eaves height, plus 40-50 kN/m² warehouse floor loading. Photovoltaic panels and solar walls will generate heat and energy, as well as motion sensitive lighting and energy monitors to reduce energy costs. Some occupiers believe Goya’s highly energy efficient warehouses can save £2psf per annum.
Buckingway Business Park is strategically located adjacent to the A14, allowing easy access to Cambridge, the M11 and the A1 and will benefit from the £1.5bn upgrade to the A14 between Cambridge and Huntingdon due to complete by 2020. The upgrade will incorporate a new three lane bypass south of Huntingdon, linking to the A1 as well as an improved three and four lane highway from the M11 at Cambridge.
Jim Bryan from Goya Developments comments:
“Once completed, Buckingway Business Park should go some way to fill a gap in the market in the Cambridge region. The scheme has already attracted interest from a range of warehousing occupiers and local Cambridge-based companies, all looking for well-located and high quality buildings in strategic locations.”
Buildings are available on a leasehold basis. Joint letting agents are Cheffins, Bidwells and Savills.
