The second phase of Eagle Business Park in Yaxley is already satisfying the pent-up demand for good quality commercial property units in the Peterborough area, according to Barker Storey Matthews who act as agent for the developer, Barnack Estates UK Ltd.
Planning permission for the 18.38 acre phase two site was granted at the end of last year (2017) and one third of the plots are already under offer. Two sites are sold for speculative development. A further two plots are under offer to local companies whose business expansion meant their property requirements could not be met by Peterborough’s exisiting commercial stock.
Design and build options at this new phase of Eagle Business Park are profiled by the agent to companies looking to secure their own freehold premises or lease larger premises. The nature of the new-build schemes at the Park means options can be offered for further premises expansion in the future.
The developer and the agent have praised the local authority’s planning department for its approach to commercial development and appreciating the role new-build units play in securing business opportunities and jobs in the area.
Richard Jones, Director, Barker Storey Matthews, commented, “Industrial stock levels have reduced dramatically in the last few years – from a high of 2 million sq ft early in the decade to less than 300,000 sq ft now. That’s less than a one year supply.
“The Peterborough area has an enviable track record for job creation. Therefore, it’s important that commercial sites like Eagle Business Park come through to provide space for new employment opportunites and future-proof for Peterborough’s ongoing business growth.”
Rob Facer, Managing Director, Barnack Estates UK Ltd, added,“We are reacting to pressures in the market place for new space and the current take-up at Eagle Business Park is very encouraging.
“We have been particularly encouraged too by Huntingdonshire District Council’s planning department whose advice has helped us move the project forward.”
Barker Storey Matthews is the sole agent under instruction at Eagle Business Park, Broadway, Yaxley.
