Commercial property consultancy Kirkby Diamond has today announced that a brand new £10m speculative development in Bedfordshire is expected to reach practical completion in the coming months.
Billed as the first major industrial development of its kind in Leighton Buzzard for more than 20 years, the 15-unit, ‘Apex Park’ facility comes in response to pent-up demand from businesses for smaller, high-quality units.
Luke Tillison, Head of Commercial Agency at Kirkby Diamond in Milton Keynes, said good progress had been made on-site and the units – available on a leasehold basis – are expected to reach practical completion in January.
Luke said: “There hasn’t been a development of small business units in Leighton Buzzard for several decades and therefore there is significant pent-up demand. We’re expecting a great deal of interest in these units because they are high quality and in an excellent location.
“We’re anticipating enquiries from small logistics firms, plumbing and electrical companies and similar trades. The contractors are making excellent progress on site and we are expecting the development to reach practical completion in early 2021.”
Owned by the London-based investment company Pears Property Advisors, the firm is funding the 70,000 sq ft Apex Park which consists of units ranging from 1,400 sq ft to 20,800 sq ft.
Consultancy Kirkby Diamond acts on behalf of the Pears family and other third parties in relation to their UK commercial and residential investment portfolio.
The four-acre site is prominently located with easy access to the M1 and Milton Keynes to the north via the A5. The area of Leighton Buzzard also benefits from mainline railway services, with London Euston just 30 minutes away.