New Business Park announced for Colchester
Fenn Wright are pleased to advise that our client, MCR Property Group, have commenced construction at Systematic Business Park – a state of the art new industrial/warehouse scheme comprising 30 high specification units, set across 5.47 acres.
The strategically positioned £15 million development is located on Old Ipswich Road in Colchester, just off Junction 29 of the bustling A12, providing unparalleled access to local transport routes. The units range in size from 1,700 sq ft – 4,867 sq ft, (with larger combined units of up to 28,934 sq ft available), providing the capacity and flexibility for individual businesses to adapt the space in line with their own unique requirements.
CGI of Systematic Business Park
Harry Ladds, Asset Manager at MCR Property Group commented: “Systematic Business Park offers a new proposition for businesses in Colchester in terms of central location, quality, versatility and scale. Demand for prime industrial space such as this across Essex continues to escalate through thriving sectors such as freight, logistics and manufacturing.
The development is great news for the local economy, providing scope for businesses to evolve and grow, with opportunity to expand operations within the site if required. Systematic will undoubtedly encourage businesses to remain in the area, further supporting job creation and long-term employment retention.”
Sam Henderson, Head of Transactions (South) added: “The acquisition of the site and subsequent development is very much in line with the Group’s long-term strategy that focuses predominantly on the industrial sector with a UK wide remit. Systematic sits perfectly within our portfolio and the Group will retain and manage the park internally.”
Heads of Terms are being agreed on two of the units off-plan at this early stage of development and construction is now underway with completion set for Q3, 2024.
For more information and to secure your space at Systematic Business Park, please contact Michael Moody on 01206 854545.