Planning has been submitted for the first phase of EAST, an 18-acre strategic development site in Preston, being delivered in joint venture by developer’s HBD and Barnfield Developments.
It is the second partnership between the two companies, with HBD Barnfield currently delivering Beacon 62, an 11.5-acre strategic gateway site in Huyton, Merseyside.
Phase one of EAST covers 4.5 acres, providing up to 75,668 sq. ft. of new industrial and logistics space. It will comprise 5 units ranging from 11,500 to 22,500 sq. ft. available to lease or purchase.
Steve Manifold, Senior Development Surveyor at HBD, said “Given the acute shortage of high-quality industrial stock along the M6 corridor, EAST injects much-needed space into the market. We look forward to discussing the scheme with occupiers looking for new premises in the area.
“Less than half a mile from J31 of the M6, it’s an extremely well located site and will be of particular interest to companies looking for fast access to the national motorway network. Subject to planning permission, we plan to start on site in Summer 2020.”
Tracy Clavell-Bate, Head of Development at Barnfield Group commented, “Following our successful development of Millennium City Park on Bluebell Way, we’re delighted to be working in Preston again. We look forward to starting on the site in Summer and are sure the development will be an asset to the area.
Barnfield Construction will be appointed as main contractors on the scheme following a planning decision.
HBD has offices in Leeds, Sheffield, Manchester, Birmingham, London, Bristol and Glasgow and is working with a development pipeline of more than £1.6bn. Its diverse, UK-wide portfolio includes big-brand retail, office space and logistics, through to residential innovation and award-winning heritage projects.
It has a strong track record in the delivery of strategic development schemes, with several currently underway across the country, including Markham Vale, its flagship scheme in Derbyshire, and the International Advanced Manufacturing Park in Sunderland, a vast 370-acre scheme designated nationally significant by the Secretary of State.
Barnfield Group are contractors, developers and investors working with public and private sector partners and clients for more than 40 years. Headquartered in Lancashire, the £80 million turnover property group are delivering a diverse range of schemes on over 30 live sites nationwide.