Castlewood Business Park receives the green light for further development

Clowes Developments have been granted planning consent to speculatively build out plot 5, Castlewood Gateway, at Castlewood Business Park.

Ashfield District Council have given the green light for a 17,308sq ft single story industrial warehouse unit with two storey offices. The speculatively built unit will be located at the entrance of the business park which has already seen 1,500,000sq ft of industrial space built and occupied.

Castlewood sits at the heart of a major centre for manufacturing and logistics located off junction 28 of the M1. It is within half an hour’s drive of all the East Midlands cities and East Midlands Airport, the busiest cargo airport in the UK. Castlewood is served by a large available labour pool that is used to shift work. The business park is home to the 480,000sq ft Co-Op distribution centre and Parker Knoll’s 100,000sq ft manufacture and distribution facility. Also located at the entrance to the class leading development is a range of convenient amenities including Costa Coffee, Spar, Shell and Greggs.

Christian Smith Director in the Savills Industrial Team commented on the announcement,

Savills are pleased to be involved in the next phase of development on Castlewood Business Park on plot 5, a high-profile site sitting at the front of the Park. Following on from the success of Castlewood Court, we are sure there will be great demand for a new detached, high quality unit at the front of the Business Park, given the lack of stock around J28 M1, we expect strong interest from local occupiers looking for a high quality, modern warehouse/industrial unit on a managed business Park.

FHP Property Consultants, Tim Gilbertson and Chris Proctor added,

More space coming available at Castlewood is great news for the market at a time when we continue to see remarkable levels of demand across all sizes and spheres of the East Midlands commercial property market from both tenants and potential purchasers alike.  It’s terrific that our clients here, Clowes Developments, are being so proactive and looking to speculatively develop space again at Castlewood Business Park, one of the East Midlands foremost manufacturing and distribution locations just off Junction 28 of the M1.

We’ve now done over 1.5 million sq ft of deals here and I have no doubt with the latest speculative build planned that we will quickly receive good interest and hopefully agree a deal with a new buyer or tenant during the construction period.

Interested parties are invited to contact our agents directly. Tim Gilbertson of FHP Property Consultants via [email protected] or Christian Smith of Savills via [email protected].