Business Weekly - Cambridge, UK

The largest of the transactions involves the fast growing Healthcare Services Group, which is to build a new 115,000 sq ft distribution warehouse.

It has paid £2.632m for 8.5 acres at an average of £310,000 an acre. Building is scheduled to start almost immediately.

Progress Park is in a prime location at the junction of the A421 Bedford Southern Bypass and the A6, around two miles south of Bedford Town Centre.

The 27 acre park will provide a new 500-space park and ride facility to serve the town centre, a small ecological park and a day nursery, presold to Just Learning.

Wrenbridge, based in Cambridge, says it is also in advanced negotiations to prelet the remaining 50,000 sq ft warehouse unit at a rent of £5.75 per sq ft. The scheme has corralled a number of East of England property specialists.

FPDSavills acted for Whitbread Trust, the original landowners. Barnes Noble Edwards and Colin Atkinson Associates introduced the site to Wrenbridge and acted in respect of the acquisition. douglas Duff acted for Wrenbridge on the sale of the Just Learning site.