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db symmetry wins planning permission 2.3m sq ft Reading logistics scheme

db symmetry wins planning permission 2.3m sq ft Reading logistics scheme

Logistics developer, db symmetry has won outline planning permission for a  2.3 million sq ft logistics scheme at the 136-acre Symmetry Park, Kettering.

The project will include a single unit of more than 1 million sq ft on  one of the few sites in the East Midlands capable of taking it.

The development will deliver first phase of the Isham by Pass which will see the dualling of the A509 from Junction 9 of the A14 to the site entrance.  The park is located directly alongside the A14 “Trans-European” freight route.

Jonathan Wallis development director at db symmetry, said: “Our focus is now on getting on site to start delivering buildings. Work has already started on a planning application for the associated infrastructure and first phase of development and we will continue to engage with the local community as our proposals progress.”

Tritax Big Box REIT, which is funding the development, is also behind plans for for a 661,000 sq ft Co-Op Food distribution centre at Symmetry Park, Biggleswade. The proposal, also developed by db symmetry. has just won planning permission.

The development will comprise a new purpose-built RDC with an eaves height of 15 metres and a gross internal floor area of 661,000 sq ft on a 50 acre site, representing a low site cover of around 35%. Construction work is due for completion in early 2021. The Co-Op have signed a 20 year lease, subject to five yearly upward-only rent reviews indexed to the Retail Prices Index (collared at 2% pa and capped at 4% pa).

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