Hundreds of jobs expected at Kingston Park development
Real estate investor and developer Firethorn Trust has completed its acquisition of a 21-acre site in Peterborough, ahead of work starting later this year.
Firethorn plans to develop three modern industrial units at the site, which sits adjacent to existing occupiers including Amazon, Ikea and DART.
The planning application for the scheme has now been submitted and pledges to deliver to net-zero carbon through the construction process and a sustainable infrastructure that features expansive solar panels, 48 electric vehicle charging points, and 15% roof lighting.
When complete, the development is expected to create hundreds of jobs for the region.
Work will commence on-site by the end of this year, with practical completion due in the fourth quarter of 2022.
Peter Mather, partner at Firethorn Trust, said: “Peterborough South is a fantastic addition to Firethorn’s portfolio, as we look to unlock the potential of sites in strategic locations.
“Peterborough is one of the fastest growing cities in the UK and offers fantastic opportunities for the industry, thanks to its excellent road connectivity and strong labour supply.
“We look forward to bringing work forward at pace to develop a highly-specified, sustainable logistics park, with modern facilities and amenities that will benefit both occupiers and employees, and continue to drive investment into the local area.”
All enquiries for Peterborough South should be directed to the scheme’s agents, Savills and Lambert Smith Hampton.