Sladen Estates says it will create as many as 1,000 jobs from its plan to build a high quality employment park adjacent to the M1 in Nottinghamshire.
The Derbyshire-based company has just bought the former Prologis Park site at Ashfield and intends to develop and rebrand the 45-acre site as Summit Business Park.
Situated near junction 28 of the M1, the site already has the appropriate planning permission. Sladen wants to build a range of units totalling 900,000 sq ft putting an estimated end value on the project of £56m.
“Our master plan is for a variety of units including an Advanced Manufacturing multi-unit scheme offering 100,000sq ft units from 2,500 to 12,500 sq ft,” explained chief executive Nick Sladen.
Under current planning consent the largest single building allowable on the site is 600,000 sq ft. Sladen intends to build additional hi-tech, low energy sustainable buildings for general office and industrial use with a maximum size of 200,000 sq ft.
“This is one of the most important deals that Sladen Estates has been involved in during recent years,” added its chief executive. “Our local knowledge and extensive development expertise will ensure we deliver this scheme in the shortest possible time. We have had incredible support from the local authority which has been keen to encourage development.”
The site, next to the Mansfield Ashfield Relief Road, provides easy access for both transport and to potential employees. When completed Sladen envisages Summit Park as a prestige development.
Ashfield District Council leader, Chris Baron, welcomed the news and promised the council would offer any assistance it could.
“It is fantastic to see that there is a growing impetus to kick start development on this site. This is a real opportunity to generate inward investment with resultant benefits to the local economy and our communities.
“Summit Park will be a key employment opportunity for the area and the council will be happy to offer whatever help it can, and is already proactively working closely with Sladen Estates to encourage high quality employers to locate their businesses on the site,” he said.
Founded in 1999, Sladen specialises in industrial and commercial development in the East and West Midlands, South Yorkshire, Cheshire, Cambridgeshire and the North-East of England. Its ongoing projects include a newly established distribution park in Derby with a 244,000 sq ft phase one facility already occupied by Technocargo and an extension to Wynyard Park, a 700-acre trading estate further up the A1(M) and just 10 miles from the port of Teesside.
Earlier this year Sladen completed £50m worth of linked projects for Clipper Logistics, including a new Nottinghamshire depot, which has since created 200 jobs, and in a joint venture with British Airways Pension Trustees, the building of a £30m warehouse at Wynyard Park for Clipper. The 343,000 sq ft cross-dock warehouse will allow the Leeds-based Clipper to distribute Asda clothing across the North of England.
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