Logistics park development to boost investment and jobs in Peterborough
Firethorn Trust, a real estate investor and developer, has acquired a new 21 acre site in Peterborough. Located at Kingston Park, in Hampton, the site is adjacent to existing occupiers Amazon, Ikea and DART.
The planning process to create a c.500,000 sq ft logistics park will commence imminently, with the first units scheduled for mid-2022.
Kingston Park is Firethorn's fourth site, alongside Northampton Cross in Milton Ham and Ascent Logistics Park in Leighton Buzzard, which are due to be completed later this year, and Link Logistics Park in Ellesmere Port, which has been recently acquired.
Peter Mather, partner at Firethorn Trust, said: "Peterborough is one of the fastest growing cities in the UK and has developed into a significant regional commercial location due to its excellent road connectivity and strong labour supply.
"Our plans to develop a highly-specified logistics park are designed to boost investment within the region, as we look to meet increasing occupier demand for quality, modern and sustainable midbox spaces, as well as drive employment opportunities for the local community.
"2020 created unique challenges throughout the industrial sector and we are proud to starting the year on such a positive note by bolstering our rapidly growing logistics portfolio. We look forward to increasing our nationwide presence further with a number of additional strategic sites over the coming months."