Xhas now been added to your account
CONTINUE BROWSINGGO TO MY ACCOUNT
Industrial/Warehouse News
Property development and investment company, CEG, has secured planning permission to deliver a modern 1,933m² builders merchant facility for Travis Perkins at the Vesuvius development off Sandy Lane, Worksop.
CEG will build out the bespoke unit and lease it to Travis Perkins. The development will create 20 new jobs, deliver a new supply chain facility for existing local business and bring economic benefits to the area.
CEG is currently managing the comprehensive regeneration of the 17.75ha Vesuvius site. With planning permission for more than 200,000ft² of employment space, the multi-million-pound first phase of commercial development is due to complete this summer.
Providing a multi-tenanted 46,000ft² of industrial units, ranging from 1,200 to 5,000ft², and retail space adjacent to the recently opened Asda superstore, the first pre-let has already been agreed with Burger King.
Subsequent phases will also offer larger employment units including speculative as well as pre-let, design and build development for office, light industry, storage and distribution requirements. Nottinghamshire Fire and Rescue Service is also on site constructing a new fire station.
Lawrence Escott, Investment Manager from CEG, said:
“The regeneration of this brownfield site is proving a huge success. Vesuvius is fast becoming a thriving commercial destination and Travis Perkins will be a welcome addition.
“We will soon complete the largest speculative scheme of this scale and quality in Worksop for many years and we continue to see strong interest in the space from well-known national trade and industrial occupiers alongside smaller, local businesses.”
In 2018, supported by D2N2 Local Enterprise Partnership, CEG delivered a £5.5million package of works to create a new roundabout and access road opening up the site and remediating it for redevelopment. This makes the site easily accessible to the A60, A57, Worksop and its surrounds.
D2N2 LEP CEO, Sajeeda Rose, said:
“The Vesuvius site represents a landmark development for Worksop and the wider area. It’s great to see businesses such as Travis Perkins attracted to the site, creating new jobs and supporting our collective ambitions to rebuild and grow our economy.”
Chris Proctor & Anthony Barrowcliffe from FHP and Ben Flint from Fisher German are marketing the site.
ENDS
12 August 2021