Barberry Developments has announced that construction is underway at the site of their £9.8 million speculative development in Northamptonshire.
Totalling 72,000 sq ft, the development will take place on the site of a former Focus DIY store, and is expected to generate around 90 jobs as well as investment for the area.
The 3-5-acre site in Sopwith Way, Daventry has been left in the hands of recently employed construction contractors, Benniman who are expected to complete the project by May 2020.
Jon Robinson, Barberry development director, said: “Barberry 72 will be a prominent high-quality warehouse/manufacturing unit, in the highly sought-after mid-box range, in what is an excellent location,
“Our speculative development clearly demonstrates our confidence in the market, our product, location and the appetite within the industrial and logistics sector for warehouse units of this size within Daventry.”
He added: “We are committed to executing our business plan in key strategic locations within the UK, and Barberry 72 fits into our strategy perfectly.
“We currently have a logistics/industrial pipeline of circa 2.8 million sq ft. All of our warehouses are available on both leasehold terms or as freehold purchases.”
Benniman managing director Steve Smith said: “This is the fourth project Barberry has appointed us on in the last 12 months, and it’s great to be working alongside such an experienced and professional team again.”
Most recently, Barberry Developments has been on a good spree of growth as they added warehouse units consisting of 46,000 sq ft and 65,000 sq ft in Birmingham to their portfolio.