Planning consent for Stowmarket EAST
Carter Jonas has secured resolution to grant planning permission, on behalf of Building Partnerships Ltd for the development of Stowmarket EAST.
Stowmarket EAST extends over 54 acres and is set to deliver up to 530,000 sq ft of business and industrial space as well as roadside retail facilities including drive-thru restaurants.
Discussions are already underway with various parties seeking to develop the land and their own buildings, varying in size from 10,000 sq ft to a 10-acre plot.
Stowmarket EAST is part of the wider 195-acre Stowmarket Business Park, situated midway between Ipswich and Bury St Edmunds. It is well-located at Junction 50 of the A14 with the Port of Felixstowe 25 miles to the east and Cambridge 45 miles to the west.
Will Mooney, head of commercial at Carter Jonas said: “This development will provide new high-quality office and industrial space that will assist the significant lack of supply in the area.
“We already have strong interest in circa 70 per cent of the proposed warehouse and industrial units with heads of terms agreed, or at least in the latter stages of negotiations, with a number of parties. This positive step in planning will allow these discussions to continue at pace.
“Stowmarket EAST will provide an estimated 200 jobs alone at the construction phase and potentially a further 900 once completed, providing growth to the once economically land locked area.”
Paul Knowles, chairman of Building Partnerships added: “This is a milestone in the delivery of business space in Stowmarket. There is significant interest in the site from potential occupiers on both the commercial and roadside areas which is testimony to Stowmarket as a location for business.”
Carter Jonas has been appointed as the sole letting and sales agent for the Stowmarket EAST scheme.