Haverhill Business Park

A 65 acre mixed-use business park acquired as bare land from a corporate owner after they experienced difficulties progressing development of the site.

Project

Location Haverhill, Suffolk
Project Commercial / Mixed-use
Sectors Land Promotion / Development
Size 65 Acres
Value Created Circa £30m
The investment properties were sold in September 2014 and the remaining land was sold in May 2015.

Status

TRACK RECORD

The investment properties were sold in September 2014 and the remaining land was sold in May 2015.

culina development haverhill business park loading bay culina logistics haverhill

Overview

Planning permission was secured for up to 1m sq ft including B1, 2 & 8, a PFS and a hotel.

Significant infrastructure works were completed to create a fully serviced site and enable development.

Around 12 acres were sold to owner occupiers such as Buildbase, Mitchells & Butlers, Percy Dalton and Terrence Barker Tanks.

Outcome / Achievements

Pre-lets were secured for a 192,000 sq ft warehouse and cold store, which was constructed and let to Culina Logistics in 2008; and a 37,000 sq ft headquarters office/warehouse building, also completed in 2008 and let to HID.

An 80 bed hotel was developed and traded as a Days Inn. In 2016 the hotel rebranded under a 25yr lease to Travelodge

Travelodge hotel at Haverhill Business Park, Suffolk HID offices at Haverhill Business PArk, Suffolk