Representatives from Rugby Borough Council, Invest in Warwickshire, Tritax Symmetry and Winvic Construction gathered on site at Symmetry Park Rugby to mark the official start of work on the next phase of development.
The third phase of development follows Tritax Symmetry’s successful pre-letting of one million sq. ft. of industrial space to Iron Mountain, which was named Industrial Agents Society (IAS) Deal of the Year (over 250,000 sq. ft.) 2023. The four buildings will form Iron Mountain’s first UK campus to offer its wide range of storage and information management services.
Tritax Symmetry is bringing forward three high quality logistics units ranging from 170,473 sq ft up to 390,694 sq ft. All three will be built to net-zero carbon in construction standards and will target BREEAM ’Excellent’ and EPC A+, providing state-of-the-art logistics space. They are set to complete in Autumn 2024. Colliers International and ILP Partners (ILP) are the marketing agents for Symmetry Park Rugby.
Joseph Skinner, Associate Development Director at Tritax Symmetry, commented: “The current market demand in this strategic industrial location remains extremely robust, supported by Iron Mountain launching its UK campus here. We look forward to launching the three new units to market and securing some exciting new occupiers to the area.”
Ian Picker, Portfolio Holder at Rugby Borough Council, said: “The news that Tritax Symmetry is to create more highly sustainable space for business is more excellent news for the Borough. The scheme has already attracted a high-calibre company in Iron Mountain and we look forward to welcoming more organisations to the area.”
Ian Flynn, Inward Investment Manager at Invest in Warwickshire, continued: “Schemes such as Symmetry Park Rugby are crucial to the future continued growth of Warwickshire by creating a wide spectrum of employment opportunities both through the construction phase and once in operation.”
Extending to 111 acres in total, Symmetry Park Rugby has an outline planning permission to deliver up to two million sq. ft. of logistics floor space.
Situated on the M45/A45 strategic highway link, the site is located at the heart of the logistics ‘Golden Triangle’ network, an established distribution and manufacturing location.
The site forms part of the wider South West Rugby Urban Extension, which is due to provide up to 5,000 new homes.
