Leading multi-national commercial real estate developer Liberty Property Trust (LPT) has announced a major new logistics unit in Northampton that will pave the way for a series of new jobs to be created.
Co-developed by LPT and their development partners Equation Properties, the prime 197,216 sq ft Liberty 196 was constructed on the former Howard Smith Paper site on the Brackmills Industrial Estate – one of the most prominent locations for logistics and distribution in the country.
Andrew Blevins, Managing Director of LPT, said: “The Howard Paper Building was well known in the area, so we felt we had a real responsibility to the local community to deliver a quality redevelopment, and we are delighted at the finished result.
“Northampton is a strategic location in the Midlands’ golden triangle for logistics, with easy access to London and the south-east. Because these types of development opportunities are rare, we are already experiencing high levels of interest from national operators.”
Liberty 196 comprises of a 177,192 sq ft warehouse, a 15,627 sq ft warehouse office and a 4,397 sq ft hub office.
Some of the warehouse’s features include 22 dock-level doors and four level access doors, while outside there are 152 car parking spaces and 34 HGV parking spaces.
Simon Holley, of Equation Properties, added: “We’ve been buoyed by the feedback we received at the launch about Liberty 196 and the support we’ve had throughout the redevelopment. Now that the unit is ready for fit out, we hope that a new occupier will be in place soon, bringing new jobs.”
Liberty 196 is located at the gateway to the Brackmills Industrial Estate Business Improvement District, and is home to 150 companies including DHL, Wickes and ASDA; the estate employs more than 11,000 people.