Development and tenancy opportunities available with Leicestershire County Council
AIRFIELD BUSINESS PARK, MARKET HARBOROUGH:
Planning permission to be submitted for more warehousing space after a successful first phase.
In 2016, Leicestershire County Council invested in 15.5 acres (6.3 hectares) of land at Airfield Business Park as part of its Corporate Asset Investment Fund (CAIF). The CAIF was set up in 2014 with the aim to increase the county council’s revenue by developing and investing in property. This revenue could then be used to support essential council services, such as adult and children’s social care, which have been affected by government cuts in recent years.
The land is located alongside the A508 Harborough Road, just north of the busy Leicestershire town of Market Harborough.
Working alongside the local district council, the location has been identified by both councils as a key area for employment and a great opportunity for offices, light and general industrial, research and development, and warehousing.
In July 2018, the County Council secured planning permission to build 80,000 sq. ft. (7,432 sq. m.) of commercial space on part of the site. Works on these twelve units began in February 2019 and were completed in December 2019.
Ten out of twelve of the units are now occupied, and interest continued throughout the covid-19 pandemic. The remaining two units are currently under offer and in solicitors’ hands.
Despite the global situation and the uncertainty many businesses have been
facing, the county council are delighted that the units remained popular and the location and resources of the site have been successful in supporting businesses.
Five of the occupiers who moved into Airfield Business Park took space to expand their existing Leicestershire- based operations. Joining them are five new businesses from outside of the county. All of the county council’s Airfield Business Park tenants have continued to trade successfully throughout the recent Covid-19 lockdowns.
Following the success of these units, the county council are looking to further develop the remaining 7.69 acres (3.11 hectares) of the site.
Using experiences from their work in 2019 and looking at current demand – the county council has proposed to have a mix of smaller units as well as larger accommodation for expanding businesses in the new development.
Overall, the units will provide accommodation ranging from 1,539 sq. ft (143 sq. m.) to 10,010 sq. ft. (930 sq. m.) of light industrial and warehousing space.
The County Council’s proposed programme for delivery is set out below:
May 2021 Submission of the planning application
October 2021
January 2022
March 2022
December 2022
Target planning committee date
Target start on site date Commence construction
Target scheme completion
Retained joint agents acting on behalf of the County Council are APB 0116 254 0382 and Budworth Hardcastle 01536 414241.
30
COMMERCIAL PROPERTY MONTHLY 2021
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92
