A number of major developments are in the pipeline within the Daventry area, both in and out of town.
In this historic town centre, Henry Boot have put forward a redesigned scheme for Site 5, just off Warwick Street, which will include two supermarkets, six other shops, hotel, family restaurant, fast food outlet and a new McCarthy & Stone retirement homes development.
The “big shed” market marches on relentlessly with a number of major schemes coming out of the ground. On the Royal Oak Estate, developers IDI Gazeley have speculatively constructed a new distribution facility of almost 300,000 square feet which is now ready for occupation.
Prologis are also well represented, offering bespoke units from 86,000 to 715,000 square feet at Apex Park together with further availability at Daventry International Rail Freight Terminal. Prologis have also recently pre let and constructed a one million square foot unit for Sainsbury’s at DIRFT.
Canmoor Developments have submitted a planning application for three new units at the front of the Ford site on Leamington Way. The proposed development is made up of three warehouses comprising a total of 344,000 sq ft combined.
Also at Crick, an L&G funded scheme known as Alchemi will be completing a speculatively built unit of almost 200,000 square feet. They have also refurbished an existing warehouse that was previously let to Kodak comprising circa 45,000 sq ft.
With other developments taking place in Northampton and Rugby then there can be no doubt that the private sector is delivering a number of options for the logistics industry. A conservative assessment of the big sheds mentioned previously at both Daventry and Crick is circa £200 million. What’s that expression about putting your money where your mouth is?
Tony Drake May 2016