Bondholder CWC Group is set to build a 250,000 sq ft distribution centre on its Castlewood Business Park to an undisclosed “local occupier”.
The developer has also said it will speculatively build a 72,000 sq ft production or warehouse unit on the site.
This latest deal sees the space constructed at Castlewood exceed 1.5 million sq ft and once completed will take the total numbers employed on site to over 2,000.
James Richards, development director at CWC Group, said: “This is another great result for ourselves and the efforts of our trusted team and displays again the strength of this location.
“To compliment this deal we are also now intending to speculatively constructing a 72,000 sq ft warehouse or production building. We will start on site imminently and this should be ready for occupation in Q2 2019 as we continue to receive enquiries for this location on a weekly basis.”
Agents for CWC Group on Castlewood are Tim Gilbertson of Bondholder FHP and Ranjit Gill of Savills.
On the speculative 72,000 sq ft unit, FHP’s Tim Gilbertson commented:
“Our client’s proactive approach here needs to applauded. We have had great success over the years on this site with any number of high profile distribution and manufacturing occupiers on site where bespoke units were created. Whilst we still have over 30 acres of land left for bespoke development for occupiers to purchase or rent, our clients are also speculatively building this fantastic warehouse or industrial facility which will be available to buy or rent with occupation offered in Q2 2019.”