Tritax Symmetry, Tritax Big Box’s dedicated logistics development company, has appointed Buckingham Group Contracting (Buckingham) to undertake the infrastructure works at its logistics park at Symmetry Park, Kettering, after gaining reserved matters planning consent for the initial phase.
Located on Junction 9 of A14, the Park has outline consent for up to 2.3 million sq ft in total and can deliver a single building of 1.3 million sq ft. Buckingham is now on site delivering a fully serviced plateau of 90 acres, with estate road and utilities to suit a range of build to suit requirements.
Situated directly alongside the A14 “Trans-European” freight route at Junction 9, the site offers prominence for occupiers and excellent transport links to the national motorway and trunk road network. Neighbouring occupiers to the site include Weetablix, Morrisons and Knights Old Group.
Speaking about the progress, Jonathan Wallis, development director at Tritax Symmetry, commented: “Symmetry Park, Kettering is well placed to cater for the demand we are seeing for large scale, high quality logistics facilities. With Buckingham already on site, we are able to deliver approximately 40 acres by the end of 2021, which is capable of accommodating a single one million sq ft building to meet the immediate requirements in the market. The remaining 50 acres is scheduled to be completed by Q2 next year and we can then accommodate design and build requirements in the same year.
In line with our net zero carbon pledge, all of these new buildings will be delivered to net zero carbon in construction.”
Joint agents for the scheme are Burbage Realty and BNP Paribas Real Estate.
Dean Warman, Buckingham’s Managing Director – Civil Engineering stated: “We are delighted to be working with Tritax Symmetry to deliver this new logistics park which is great news for both the UK and local economies. In support of Tritax Symmetry’s sustainability pledge we are doing all we can to maximise the procurement of materials and services from local sources.”
Councillor Jason Smithers, Leader of North Northamptonshire Council said: “This initial stage of Symmetry Park, Kettering is positive news for the area. It will provide local job opportunities, help boost the local economy and has the potential to develop local skills. It shows that we are open for business and that companies have the confidence to continue to invest in the area. The developer’s aim for net zero carbon construction of the new buildings is equally welcome. Symmetry Park is consistent with our aim to encourage responsible growth, develop local employment opportunities, skills and economy, and tackle climate change.”
Notes to editors
About Tritax Big Box REIT
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (“Big Boxes”) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through a pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (“REIT”), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.
Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk
About Tritax Symmetry
Tritax Symmetry is the Tritax Big Box REIT’s dedicated logistics developer, specialising in delivering best-in-class greener buildings and an unrivalled choice of locations and scale. With offices in London, Northampton and Manchester, Tritax Symmetry has a land portfolio of 3,900 acres, capable of accommodating 42 million sq ft of logistics space.
The company is dedicated to targeting carbon neutrality on the construction of all new buildings. Its commitment to best-in-class sustainable construction methods will give customers the operational advantages they demand.
About Buckingham Group Contracting Ltd
With a company history spanning over 65 years, Buckingham Group Contracting Ltd is a major multi-disciplinary contractor with a turnover of circa £600 million. We are an established Principal Contractor providing a range of fully integrated, versatile and flexible services to Public and Private Sector Clients throughout the UK & Ireland. Operating from our Head Office, near Silverstone, and regional offices in London, Birmingham, Manchester and Doncaster our services include:
- High quality Building projects, (Offices, distribution warehousing, data centres and manufacturing facilities) to BREEAM Excellent
- Multi-storey and at-grade car parks
- Major civil engineering projects including highways, bridges and structures
- Major Enabling and Infrastructure works for development sites
- Demolition and deconstruction projects
- Rail Stations and Depots including new build and refurbishment
- Railways and rail engineering
- The delivery of complex site remediation projects
- Sports stadia and leisure facilities
For further information please contact:
Buckingham Group Contracting Ltd
Silverstone Road, Stowe
Buckingham, MK18 5LJ
Tel: 01280 823355