Leading property developer Albion Land has announced exciting plans for a new £35 million-plus development in Northamptonshire that could create up to 1,000 jobs, in an area which attracts motorsport and high value manufacturing occupiers due to the proximity of Silverstone race circuit.
The development proposals which comprise in total circa 400,000 sq ft (38,000 sq m) of mixed-use commercial buildings including manufacturing, research and development, offices and distribution accommodation, on a 25-acre site and will be known as Network 401.
The new development is located in the area known as’ The Horsepower Highway’ at Brackley, fronting the A43 which provides dual carriageway between J10 of the M40 and J15a of the M1.
Simon Parsons, director of Albion Land, said: “Network 401 will be a high quality mixed-use development as befits the location and the growth plans for Brackley and the region. The development will reflect specific occupier requirements and we would expect the completed project to create up to 1,000 jobs and substantial inward investment.”
He also said all commercial and distribution uses were possible and the site was likely to attract high value manufacturing and research and development activity. “The site is likely to be popular with motorsport occupiers, and those organisations wanting bespoke facilities in a high-profile location.”
Mr Parsons added: “We believe this site has a key role in contributing to the economic development needs of the region and Albion Land hopes to start construction at Network 401 during the second quarter of 2012.”
Chris White, Managing Director of White Commercial comments: “ We have seen a substantial number of businesses wishing to expand their operational activities in the area. White Commercial have been involved in transactions with Prodrive, Goodrich and Bicester Distribution, who have invested in over 500,000 sq ft of production and distribution buildings and protecting well over 1,000 jobs in the region in the past 6 months. We are already receiving a good level of interest for the site. White Commercial Surveyors have been involved for the past 5 years on the adjacent 20 acre Brackley Sawmills site which has now been granted planning consent for a substantial residential development.”
