Barberry Developments has today announced that their speculative £9.5 million development in Drayton Fields has been approved by Daventry District Council.
The Worcestershire-based developer announced the development in November after acquiring the former 70,000 sq ft home of Focus DIY for an undisclosed sum from New River Retail.
Barberry Development Director Jon Robinson said: “We are looking forward to delivering a high-quality warehouse unit in the highly sought-after mid-box range in what is an excellent location. After gaining planning consent, we expect construction to begin in Q3 this year, with practical completion in Q2 2020.”
Located in the industrial estate of Drayton Fields, the 3.5-acre site at Sopwith Way, Daventry, is expected to generate around 90 jobs as well as investment in the area.
The new development is the latest in a growing portfolio of industrial/warehouse developments for Barberry, which recently completed warehouse units of 46,000 sq ft and 65,000 sq ft in Birmingham.
Mr Robinson adds: “This will be a speculative development, demonstrating our confidence in both the product, the location and the appetite within the industrial and logistics sector for warehouse units of this size across the Midlands market.
“We are committed to executing our business plan in key strategic locations within the UK. 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.”
In additional news, Richardson Barberry – the joint venture between Richardson & Barberry – have reached practical completion on the construction of five mid-box industrial units, totalling 174,500 sq ft, in Bristol.
The joint venture has also been selected as the development partner to deliver an impressive 1.75 million sq ft business park at Aycliffe Business Park in County Durham for a cost of £140m. Meanwhile, in Wolverhampton, Barberry has gained planning consent to deliver a 55,575 sq ft speculatively built industrial/warehouse unit in Well Lane.
Featured Image: An artist’s impression of Barberry’s new £9.8 million speculative development of a 72,000 sq ft warehouse in Daventry.