A 240-acre distribution park to the south of Peterborough was officially declared open on Monday (24 February) in a move that is expected to create about 8,000 jobs.
Gateway Peterborough has put together by Roxhill Developments and will be able to accommodate buildings up to 1.3 million sq ft and when completed will total 5 million sq ft of development.
The opening was overseen by the leader of Peterborough City Council Councillor Marco Cereste at which the site’s first unit was handed over to parcel delivery company DPD.
Roxhill Developments has also confirmed that cold storage specialist The Yearsley Group has completed the purchase of a 20 acre plot at Gateway Peterborough, which will create 300 jobs.
When fully occupied the Gateway site will add up to an additional 8,000 jobs to support the city’s rapid expansion.
Charles Blake, development director for Roxhill Developments, said; “Gateway Peterborough is now open for business.
“Planning permission is in place for a range of units up to and including over one million sq ft, we have invested significantly in the infrastructure including a substantial electricity supply and everything is now connected on site.
“This means that construction could start on new buildings without further delay.
“Works are also soon set to begin on the main link roads to the site that will significantly increase the local traffic capacity for occupiers.”
Dwain McDonald, chief executive of DPD, said: “Gateway Peterborough is a fantastic development.
Yearsley Group managing director Harry Yearsley said: “The frozen industry has and will continue to move to shorter lead times.
“Our strategy to embrace this is to invest in superhubs in strategic locations.
Mr Yearsley added: “The Gateway Peterborough site is the ideal location given its proximity to the A1 and A14.”
Last month, Peterborough was named by independent research group, Centre for Cities, as the fastest growing city for population in the UK and boasting the second highest growth in private sector employment.