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A14: Plans to close truck stop near Ipswich criticised
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A14 Orwell Truckstop diner and lorry park to close
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A14 Orwell Truckstop diner and lorry park to close | East Anglian Daily Times
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By Mitchell Labiak2021-07-02T00:00:00+01:00
International investor BentallGreenOak (BGO) made its UK debut in 2019 with its forward-funding of 611,000 sq ft of warehouse space in Peterborough and has not let up since, snapping up a 2.1m sq ft portfolio from Thor Equities Group and Morgan Stanley Real Estate Investing earlier this year, and partnering with Equation on a £100m scheme in Bristol, to name but two of the investor’s high-profile UK shed deals.
Toby Phelps
Despite the level of competition it now faces in what is arguably the hottest sector in property thanks to the pandemic, the company is not done yet, says Toby Phelps, managing partner and head of European equity at BGO. Property Week caught up with Phelps to find out why the company is so bullish about the sector and what its next move will be.
How the new Orwell Logistics Park could look
- Credit: BENTALLGREENOAK
Detailed final plans for a huge new logistics park on the edge of Ipswich have been submitted to planners - with developers hoping work can get under way this year.
Up to 1,500 new jobs are expected to be created at the 60-acre Orwell Logistics Park alongside the A14 at Nacton.
New plans deposited with East Suffolk Council show how the new buildings and site will look, and also finalise access, layout and landscaping.
Outline plans were approved in spring 2018 for the land next door to Ransomes Europark to be developed with four large buildings of one million sq ft, designed to be flexible for a range of business uses.