A long-established Peterborough company is planning for ambitious expansion
A long-established company in Peterborough is expanding as it focuses its operations on commercial property development and investment.
Barnack Estates, which employs about 120 people, has just moved from 1,200 square feet premises in Southgate Way, Orton Southgate, into newly refurbished 5,000 square feet offices in Milnyard Square, Orton Southgate.
The 34-year-old company’s decision to concentrate on its core construction business led to the sale of Barnack Confectionary two years ago and the sale of Barnack Storage and Logistics last year.
Chairman Rob Facer said: “We have a very experienced team who have built over 1.5 million square feet of commercial property in the last 16 years.
“We have ambitious expansion plans to continue to develop quality employment warehouses in the region.”
The company has fared well through the Covid-19 crisis and has continued to work on its sites, which include the Eagle Business Park in Yaxley.
Mr Facer said: “We used local suppliers and local trades and despite challenges getting supplies of materials have found a way to continue to make things happen. We believe there will continue to be a demand for investor purchasers and owner occupiers in quality industrial properties.
“One of the challenges we have is to gain planning permissions which takes time, is expensive and can be complicated.
“I took the decision to have a surge on entering planning applications so if they are granted we are able to help build out of the Covid related economic down turn. We will need the planners help here.”
He added: “Clearly we are in challenging times at the moment with Covid-19 but we are very positive for the future as long as the economy is released from Covid restrictions safely and quickly.
“We are investing in future employment sites, skills and training.”