The Peterborough economy recently received a
major boost with news of three land sales by national regeneration
agency English Partnerships for commercial development projects.
Speaking at a Sustainable Development in the East of England
conference in Cambridge today (Friday 25 June 2004), English
Partnerships regional director Dennis Hone says, “The completion of
these sales demonstrates our commitment to the continuation of
Peterborough’s sustainable economic growth. These developments alone
are expected to create up to 40 new job opportunities.
“There is strong demand for commercial
development land in Peterborough and we are taking a flexible approach
to secure the best results for the city and its business success.
“Most of the English Partnerships land
in Peterborough is now under offer so we hope to make further
announcements shortly. However, English Partnerships has a few
commercial development opportunities remaining, including a 15-acre
site at Stirling Way, Bretton, and a 7.5-acre site at Bakewell Road,
Two of the new deals announced today
are for owner-occupiers and the third is for a speculative development
of a new concept in small office units that will be offered on
freehold or leasehold terms.
Peterborough-based company Alan
Symonds and Associates is investing £2 million in a new, 27,000 sq ft
(2,500 sq m) headquarters office and warehouse on a 1.5-acre (0.6
hectare) site at Bakewell Road, Orton Southgate, to supply a growing
market for its window furnishings products. The new building will be
almost double the size of the company’s existing premises in Empson
Road, Eastern Industry.
Founder Alan Symonds, who moved the
business from London to Peterborough in 1980, praised Peterborough’s
low business overheads for facilitating the company’s rapid growth. He
says, “Our property costs would have been double in London and that
would have hindered our business expansion. Moving to Peterborough has
been good for us.”
The company imports ready-made
curtains, blinds and fabrics and supplies retailers and wholesalers
throughout the UK, Ireland and other European countries.
Lincolnshire Co-operative Limited is
building a 6,500 sq ft (604 sq m) regional office for its dairy
distribution business on 1.49 acres (0.6 hectares) at Dukesmead,
Werrington – the final plot at Dukesmead. The site will be used as a
distribution depot for the production dairy in Lincoln and will allow
better access to customers in Peterborough and East Anglia.
Business Parcs – a group company of
Southwark Investments plc – is planning to build a new concept in
high-specification office units on 1.2 acres (0.5 hectare) at Papyrus
Road, Werrington. The development, adjacent to BMW and Audi car
dealerships, occupies the final plot at Papyrus Road.
Company director Wendy Butchart says,
“This development will fulfil a demand for high-specification offices
or commercial space for small businesses. We plan to have 12 units in
three, two-storey terraces ready for occupation by next Easter or
Lambert Smith Hampton is marketing the
development, which has a total floor space of 2,358 square metres
(25,380 sq ft). Units will be available on freehold or long leasehold
terms at competitive rentals.
Ms Butchart adds, “We are planning a
similar development of 31 units in Milton Keynes and we are actively
seeking other sites nationwide.”
Following its £1.2 million
investment in flood alleviation works in Peterborough’s Padholme
Catchment area, English Partnerships has experienced a significant
increase in enquiries for its commercial land holdings in the area. As
a result, English Partnerships is now working with a number of
owner-occupiers to enable the development of the land and the creation
of new job opportunities.