Over 50 members of Suffolk Chamber of Commerce were treated to brunch and a presentation from the developers of Suffolk Park in Bury St Edmunds with the park now going full speed ahead.
Members heard that the 114-acre park with potential for 2m sq ft of business, logistics, and industrial space is well advanced. Major local company Treatt is building a 200,000 sq ft international headquarters within the enterprise zone on the site; local company Sealey has bought a 7-acre site for expansion; two speculative units totalling 350,000 sq ft are under-construction and will be available for occupation from November this year, all the infra-structure, main estate road and landscaping have been installed and there are plans for further development to cater for demand.
Jonathan Lloyd, director in Bury St Edmunds, commercial agents, Hazells Chartered Surveyors, in his presentation, said: “We are delighted with the progress that has been made. Developer Jaynic has confirmed their confidence in the market by building two speculative logistics units and are very much ahead of the competition in satisfying the pent-up demand for well-located space that will be ready for occupiers to move into. We are now actively seeking tenants for the units and continue to promote the many opportunities offered by the Park.
“We are grateful to the Suffolk Chamber of Commerce for giving us the opportunity to keep local businesses informed of progress on the site, and we are looking for businesses to come forward to discuss their potential requirements,” he adds.
Simon Burton, chair of Suffolk Chamber in Bury St Edmunds, said:
“Suffolk Park is tangible proof of the buoyancy of the local Bury St. Edmunds’ economy both now and in the immediate future. Suffolk Chamber in Bury St Edmunds has championed this and other business parks in the area which will help boost the capacity of existing businesses and act as a magnet for further inward investment.”
John Griffiths, leader of St Edmundsbury Borough Council, said: “I am proud and delighted to see that the Council’s drive and initiative to secure the Eastern Relief Road, the Suffolk Business Park and Enterprise Zone status, is starting to see results.
“The whole purpose of this was to secure land so existing local companies like Treatt and Sealey – and new ones attracted to the West Suffolk area - can go on to even more success and achieve their ambitions. All of this is part of our strategic priority to enable economic growth, lifting skills and expertise across West Suffolk and with-it levels of pay, creating new opportunities for younger people as they leave education, and enabling even greater wealth and prosperity which brings better living conditions for all our local residents.”
The development is part of a multi-partner initiative with St Edmundsbury Borough Council and housebuilder Taylor Wimpey to support a range of new and existing businesses in the popular Bury St Edmunds area and to continue to create jobs and prosperity.
Global real estate advisors Savills in London are appointed alongside Hazells and Bidwells as letting agents for the scheme.
For further information contact retained agents:
Savills 0207 4098817 Hazells 01284 702626 Bidwells 01223 841841