Plans submitted for Stowmarket EAST business park
- Credit: Archant
A planning application has been submitted for phase two of the Stowmarket Business & Enterprise Park, potentially unlocking 54 acres of land for a mix of employment uses.
Proposals for the site, to be known as Stowmarket EAST, allow for a range of design and build opportunities, involving units ranging in size from 10,000sq ft to 200,000sq ft.
The outline application has been submitted to Mid Suffolk District Council on behalf of Building Partnerships Ltd and the landowners by UK property consultancy Carter Jonas, which has been appointed letting and sales agent for Stowmarket EAST.
It provides for a total of 530,000sq ft of storage and distribution, manufacturing and office space across 32 acres within the site, together with associated infrastructure works and amenities including a family pub and drive-through restaurants.
Units will be available for sale or to let, and land sales will also be considered.
Will Mooney, a partner at Carter Jonas, said: “There is pent up demand for business space in Stowmarket and a significant lack of supply with availability rates for industrial at a 10-year low.
“Stowmarket EAST will deliver new high-quality space at a scale to meet the needs of businesses looking to base their business in the region.
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“Interest has already been strong with several pre-let enquiries from local, regional and national business across a variety of sectors.
“Enabling employment land to be released will in turn unlock additional economic growth with the construction phase of the development estimated to deliver over 200 jobs alone.”
Stowmarket EAST forms part of the wider 195-acre Stowmarket Business Park, just off Junction 50 of the A14.
Another area within the park was earmarked as an Enterprise Zone in the Chancellor’s Autumn Statement last year, targeted a food-related companies.
The rest of the site, including Stowmarket EAST, is designated for light industrial/business, general industrial and storage and distribution uses.
Access to Stowmarket EAST will involve a new road network leading off the Tesco roundabout on the A1120.
The new roads will also serve the Food Enterprise Zone area and the planned Gateway 14 logistics and business park.