Multimillion pound refurbishment peps industrial sector
Savills, on behalf of Stenprop, has been appointed jointly with Barker Storey Matthews to market industrial units at Coningsby Park in Bretton, Peterborough.
Following the successful purchase of the industrial estate from Thomas Cook earlier this year, Stenprop is set to undertake a multi million pound refurbishment programme of the scheme’s 36 units, returning them back to industrial and warehouse use.
On completion, the units will range in size from 2,974 sq ft to 100,000 sq ft and will be available to let at a starting quoting rent of £4.25 per sq ft.
Edward Gee, associate director in the business space team at Savills Peterborough, says: “Situated just 2.5 miles north of Peterborough city centre, the units will offer excellent quality industrial space with easy access to the A1(M).
“There remains a significant lack of industrial stock across the city, so Stenprop’s decision to refurbish this scheme is likely to generate significant interest from potential occupiers.”