Acting on behalf of the The Marshgate Group, Coke Gearing Consulting and Knight Frank are pleased to announce a new speculative development at Horizon 120 in Braintree, Essex, that has been forward funded by clients of CBRE Investment Management.
Situated on a 7.7 acres site, the development will comprise three B8/E Class units (ranging from 30,000 to 70,000 sq ft) and will be developed by The Marshgate Group. Work will commence in early 2022 with delivery expected in Q4 2022.
These high specification warehouse units (EPC Rating A & BREEAM “Very Good”) will complete Zone C of the total 65-acre Horizon 120 scheme and will see delivery of a total of 425,000 sq ft of new development in 2022.
Following the recent transaction on Plot 4, to Aberdeen Standard Investments, is further proof of the attractiveness of this location to investors and occupiers alike.
David Warburton, MD of The Marshgate Group, commented: “This transaction within a matter of weeks only endorses the Innovation and Business Park’s delivery of infrastructure and location.
“The market is very short of good quality modern stock, and it is pleasing to see the confidence that CBRE Investment Management, has committed to invest in three new buildings on a speculative basis to meet this demand.”
Knight Frank and Coke Gearing Consulting are joint letting agents.
