Plans submitted for new Leicestershire industrial and logistics hub
Caddick Developments has submitted a full application for a circa. 700,000 ft2 industrial and logistics hub to Hinckley & Bosworth Council on land close to Junction 22 of the M1 motorway in Leicestershire in the East Midlands.
By Liza Helps, Property Editor, Logistics Matters
THE PROPOSALs are for six units totalling 697,440 ft2 ranging between 28,405 ft2 and 226,741 ft2 on a 64.88 acre greenfield site near Markfield catering for large strategic units alongside smaller and medium scale employment units to meet local needs across. The units will be built to target BREEAM Excellent and an EPC A rating.
Caddick associate director Tom Park, said: “We have developed a scheme that presents a significant opportunity to deliver high quality space for jobs and investment in Hinckley and Bosworth, generating substantial economic value. We have also prioritised thoughtful design, incorporating extensive environmental sustainability features and significant landscaping whilst delivering a scheme that responds to strong demand from the market.
“The site’s prime location, adjacent to Junction 22 of the M1, and unit mix makes it perfectly suited for all occupiers offering excellent national and regional connectivity whilst reducing the impact on local roads. This application marks a crucial step towards unlocking a key employment site in Hinckley and Bosworth and securing long-term economic benefits for the area.”
The developer is looking to produce a scheme sensitive to the landscape with the largest units located in the north of the site, where the landscape of the site is the least sensitive and the smallest unit, located in the south-east corner of the site, close to the access.
Some 17,000 trees will be planted across 5.68 acres of woodland and 516 individual trees across the site. In addition, 3.45 acres of scrub will also be planted. Two wildlife tunnels are also provided, one in the north and one in the middle of the site, under the internal road to help support the site’s potential to support wildlife, including protecting Badger populations.
Each unit has its own amenity area to serve future occupiers. A walking route is also provided through the landscaped area of the site to allow active movement of users of the site. Further amenity area is provided in a central location of the site within an area of proposed meadow rich grassland, allowing future occupiers to utilise the extensive nature provided on the site.
Once complete, the development could generate over £2.5m in business rates to the Council to support local services, alongside an additional £37m spent in the local economy a year.
It is thought that once fully occupied the scheme could provide up to 1,000 fulltime equivalent jobs
Savills has advised Caddick.
