Tungsten Properties, one of the UK’s leading industrial and warehouse developers, has agreed pre-lets with Costa Coffee Drive Thru, Screwfix and Toolstation at its two-acre development site at Northampton Road, Brackley, South Northamptonshire.
Construction started in September 2021 to build a terrace of seven high specification trade and warehouse units to range from 4,000 sq ft to 28,275 sq ft. With three units already pre-let, one unit is under offer to a national trade occupier and three units remain available.
The land is adjacent to the town’s new Sainsbury’s superstore which was built in 2020. The strategic location is also home to Marston’s Hotel & Pub, Howdens, Multimatic, EPAC, BTC Racing and the new five-acre Brackley Health Campus.
Brackley is well-located for access to the A43, M40 Junction 10 to Oxford and Birmingham and M1 Junction 15A at Northampton.
The new units will target BREEAM Very Good with turn-key fit-out options so that businesses can move straight in.
Ashleigh Hayes, associate development director, Tungsten Properties said: “Brackley is a thriving town which has experienced much residential and commercial development in recent years. There is a high demand from businesses needing trade and warehouse space which makes it an excellent location for our investment which in turn helps to create local jobs. This has been proven by the first three of our seven units being pre-let to such well-known names, with one more currently under offer.”
Ed Lifely, associate partner, Carter Jonas added: “Tungsten is busy developing Brackley’s first specific trade park within the new and prominently situated wider 25-acre development. The region is experiencing substantial commercial and residential growth fuelled by both the area’s strategic location between M1 and M40 and the Silverstone Circuit effect as home of the British Grand Prix. The level of interest has been strong from businesses needing purpose-built trade units in this area and these early pre-lets are great news for both the local area and project.”
Tungsten Properties acquired the land from Sainsbury’s in 2021 for £2.1 million.
After a competitive tender process, Northampton-based Warwick Burt was selected as the contractor. They are due to complete the project in mid-April 2022.
Carter Jonas and White Commercial acted on behalf of Tungsten Properties; Costa was unrepresented, Colliers acted on behalf of Screwfix and Adept Consultancy acted on behalf of Toolstation.
