Brackmills Trade Park in Northampton, funded by M&G Real Estate – one of the largest property investors in the UK – has reached practical completion, with the 65,200 sq ft speculative development already 70 per cent let.
The 14-unit trade counter, industrial/warehouse and retail scheme has attracted major occupiers – including Screwfix, Topps Tiles, Digraph Transport Supplies, Subway, Pizza Hut, Greggs, and Costa. The letting of the largest unit, a 23,000 sq ft warehouse facility, has also recently completed.
James Hillary, Asset Manager at M&G Real Estate, said: “Achieving 70% occupancy on practical completion highlights the strength of demand in the sector. The take up also vindicates our strategy to invest in speculative development in supply-constrained markets and around established hubs to create core investments.”
Jeff Penman, Managing Director of the Developer, Tungsten Properties, added: “We are delighted to have worked with M&G Real Estate to successfully deliver a prime trade counter development in Northampton. The retail facilities will provide much needed amenities to the 11,000 people currently employed on the wider Brackmills Industrial Estate”.