Commercial real estate investor and developer, Firethorn Trust, has announced housebuilder Taylor Wimpey as the major occupier at its Peterborough South development.
Taylor Wimpey, one of the UK’s leading national homebuilders, has signed a 10-year tenancy on a 240,830 sq. ft warehouse, which has been constructed to net-zero carbon and is the largest logistics space on the three-unit site.
The Grade-A scheme, which is rated BREEAM ‘Excellent’, is now two-thirds towards full occupation with only one 94,225 sq. ft unit remaining. The site is located just six minutes from Junction 17 of the A1(M) and practical completion is expected in Q2 2023.
Taylor Wimpey intends to develop its new Peterborough facility as a timber frame factory to support its goal of increasing the usage of timber frame on its development sites.
Nick Wright, Supply Chain Director at Taylor Wimpey, said: “Timber frame is a key part of Taylor Wimpey’s long-term strategy to deliver low carbon, energy efficient homes and communities, whilst also providing operational efficiencies and security of supply. This new facility is an important piece in our timber frame strategy, which will further embed sustainability throughout the business whilst also providing significant operational benefits.”
Chris Beer, Senior Associate at Firethorn Trust, said: “We’re delighted to announce Taylor Wimpey as our largest occupier at Peterborough South. We’re committed to providing market-leading products and best-in-class logistics spaces that can meet the needs of occupiers both now and in the future, and it’s fantastic to hear how Taylor Wimpey will be utilising its new Peterborough facility to support its long-term sustainability strategy.”
Simon Warren of Knight Frank acted for Taylor Wimpey, while Firethorn Trust was represented by Richard Meering of Lambert Smith Hampton (LSH) and William Rose of Savills.
