Jaynic cracks on with dynamic development pipeline
Leading East Anglia developer Jaynic is continuing its pro-active programme of project development during the COVID-19 emergency.
It will be announcing shortly another major local authority joint venture in the region to provide a mixed-use business and logistics park of up to 2.3m sq ft.
And it is expecting to receive planning consent in the near future for the second phase of its warehouse scheme at Suffolk Park, Bury St Edmunds for four ‘big sheds’ totalling 367,000 sq ft.
Ever mindful of the wider picture, Jaynic has temporarily halted construction on the Epicentre building at Haverhill Research Park until the national lockdown ends in the interest of the health and safety of its contractors.
The 30,000 sq ft four-storey Epicentre, to be operated by innovation centre specialist Oxford Innovation, is directly adjacent to the ‘Spirit of Enterprise’ roundabout at the entrance to Haverhill.
The 60 office suites will be available for letting for as little as three months, together with breakout spaces, meeting and conference rooms and a café open to the public.
The offices will be rented out on a fully inclusive basis to include reception, concierge, rent, rates and utilities, and the building has fibre broadband with a minimum capacity of one gigabyte.
Nic Rumsey, managing director of Jaynic, commenting on the Epicentre construction close down says: “While these are challenging times, and the health and safety of the community is paramount, the market will return and we have a development pipeline that we are continuing to prepare for.”
2019 saw the largest letting for 10 years in Bury St Edmunds on Jaynic’s Suffolk Park scheme with its 147,000 sq ft unit being taken by Unipart acting as the provider for the NHS Supply Chain with the subsequent investment being sold for £17.3m.
Talks continue with several parties for the 206,000 sq ft second building in the first phase and Jaynic is hopeful of a deal being announced in the near future.
In the meantime, Jaynic, as development manager, is on target to deliver the 112,000 sq ft first phase of flavour, fragrance, beverage and consumer products giant, Treatt Plc’s new head office facility this summer at Suffolk Park.
A planning application will be submitted in the coming weeks for an Aldi store, innovation centre and retail kiosks at Suffolk Park. These will provide sustainable facilities for the park, adjoining commercial occupiers and the nearby residential areas, reducing traffic congestion that results from shoppers needing to go to other parts of town for their food provisions.
The plans would see the creation of a state-of-the-art innovation centre, which would provide space for entrepreneurs and local businesses to expand. The innovation centre will complement the wider ambitions for Suffolk Park to become a hub for business and employment in the future. The project partners estimate that the proposals could create the potential for up to 200 new local jobs.
Also, Jaynic and Property Cycling Group are working up a planning application for a commercial and residential development on the the former RAF airfield at Shepherd’s Grove, near Stanton, Suffolk, following the formal adoption of a masterplan for the site by West Suffolk Council.
Shepherd’s Grove is located to the south of the A143 one mile to the east of Stanton in Suffolk. The scheme would include a business park of up to 1.75m sq ft and an attractive residential development of between 265 and 380 dwellings with improved pedestrian and cycle access to Stanton and the existing primary school, healthcare and shopping facilities.
As part of its plans to boost activity in the region, Jaynic has appointed Sarah Howard as a non-executive director. Howard is chair of the British Chambers of Commerce (BCC) and the immediate past president of the Suffolk Chamber of Commerce. In 2015 she was awarded an MBE for her services to the community through the ONE Haverhill neighbourhood community programme.
Rumsey says: “We are delighted that Sarah has joined Jaynic. She lives and works in Haverhill and has huge knowledge of the East Anglia region and beyond which we believe will be of great benefit in helping us to expand our business. As UK chair of the BCC she also plays on the national business arena.”
Howard added: “It is an honour to be invited to become a non-executive director of Jaynic. The company is playing a vital role in the provision of new building space and jobs that is so important for the growth of our region. I hope I can make a positive contribution to Jaynic’s expanding business.”
Currently Howard is immersed with the British Chamber of Commerce in helping its members throughout the UK with business continuity during the outbreak of the COVID-19 Virus.
This includes guiding them on the Government’s provisions for business rates relief, business interruption loans, job retention, VAT deferral and statutory sick pay.