Developers are set to put forward detailed plans for a 1 million sq ft plus logistics scheme just off the A14 on the outskirts of Ipswich in Suffolk.
The 60-acre site, to be known as Orwell Logistics Park, is being promoted by developers BentallGreenOak and Equation Properties and will consist of four units between 88,000 – 500,000 sq ft totalling 1,046,250 sq ft, to be built on a phased basis.
It is thought up to 1,500 new jobs could be created at the scheme, which is next door to Ransomes EuroPark. Outline permission for the logistics park was granted in spring 2018.
Phase 1 construction is targeted to commence in Q2 2021 to deliver 546,000 sq ft across 3 units, with estimated completion to occur in Q2 2022.
How the new Orwell Logistics Park could look
- Credit: BENTALLGREENOAK
Up to 1,500 new jobs could be created at a huge new logistics park on the edge of Ipswich.
Developers are about to submit detailed plans for the project - and are hoping work on site can get underway this year.
The scheme will see a 60-acre site with access from the A14 next door to Ransomes Europark developed with four large buildings of one million sq ft, designed to be flexible for a range of business uses.
BentallGreenOak and its development partner Equation Properties say the Orwell Logistics Park will be a world-class scheme and bring a big boost to the area s economy, particularly needed as it recovers from the Covid-19 pandemic.
Published:
12:20 PM January 27, 2021
Updated:
4:04 PM January 27, 2021
An artist s impression of the new 60-acre Orwell Logistics Park, close to the Port of Felixstowe, which will be ready for occupation from the second quarter of 2022
- Credit: Equation Properties
An international property investment management firm has snapped up a huge 1m sq ft logistics park planned for a site near Ipswich.
BentallGreenOak and its investment partner Equation Properties has acquired the 60-acre Orwell Logistics Park which has outline planning permission in place for huge new units to help serve a growing demand for warehousing space in the area.
Penn Commercial said it was delighted to have been chosen by the new owners as exclusive Suffolk agent for lettings on the £80m project after the sale deal went through in December 2020.