St. Modwen has been granted planning consent for a 310,000 sq ft industrial and logistics park located at the northern end of Stanton Cross, Wellingborough. This represents the first milestone for the planned 1.5million sq ft of commercial development at the site. This first phase of commercial space, to be called Stanton Industrial Park, comprises three separate buildings of between 44,000 sq ft and 172,000 sq ft.
The industrial and logistics park’s location close to key transport links including the M1 motorway, A1M and the A45 /A14 corridors as well as the Midland Mainline makes it a strategic hub for commercial development. It builds on St. Modwen’s strategy to grow its presence in the UK industrial and logistics sector with a committed pipeline of 1.5m sq ft of new space, having already delivered 1m sq ft in 2018, and is part of St. Modwen’s commitment to delivering a leading UK portfolio.
Nick Kay, Development Director at St. Modwen, commented: “This is a landmark for the Stanton Cross development and for the region and shows our confidence in the market with a significant investment. Stanton Cross is set to become a thriving commercial hub, providing flexible space for businesses ranging from international companies to regional operators. We will now begin work to develop the Industrial Park and look to bring forward further sites at Stanton Cross.”
Stanton Cross is Bovis Homes’ 837-acre extension to Wellingborough that comprises 3,650 new homes and will provide employment space delivering up to 3,000 new jobs.
Bovis Homes chose St. Modwen in 2016 as its commercial development partner for Stanton Cross, the flagship mixed-use development for Northamptonshire, which is located on the eastern edge of Wellingborough, and which will see more than £1 billion invested in the town.
Paul Soutar, Bovis Homes Divisional Operations Director responsible for Stanton Cross, commented: “It’s a very exciting time for Stanton Cross as we’ve welcomed our first homeowners and works on vital infrastructure is well underway. This latest news marks another significant milestone as the commercial development will provide a boost for the local economy and help drive the successful longevity of the scheme. Stanton Cross is now beginning to take shape and we look forward to making further progress throughout the year.”
Drake Commercial are retained by St Modwen to market all the employment opportunities at Stanton Cross jointly alongside BNP Paribas.
For more information, please visit: https://stmodwenlogistics.co.uk/property/stanton-cross-industrial-park/