New 'Flagship Park' logistics development approved
The site, at Red Brick Farm in Fengate, will be developed by Trebor Developments and partner Hillwood, with landowner Church Commissioners for England.
Infrastructure and phase one works will begin on the site in the summer of 2021 to deliver a range of industrial accommodation from 20,000 sq ft to more than 650,000 sq ft. Terms have been agreed for the first major transaction.
The plans were first proposed by the landowners five years ago, with an outline application submitted two years ago. A reviewed application was resubmitted in 2020 by Trebor Developments.
Managing partner for Trebor Bob Tattrie said: "This major new site is exciting and will provide the opportunity to deliver a wide range of quality industrial units in the Peterborough region. The partnership with the Church Commissioners for England was completed during the lockdown period and again, illustrates our ability to do deals despite the difficult UK circumstances."
Joanna Loxton, head of strategic land for the Church Commissioners for England, added: "We are pleased to support the delivery of Flagship Park which will bring new opportunities, investment and jobs to the city of Peterborough. This scheme is the result of collaboration with several parties and we are thrilled with the offering we have achieved together."
Trebor and Hillwood are represented by Savills (Peterborough office) and Bidwells. Church Commissioners for England are represented by Savills London. Marketing of the site has now commenced.