Trebor Developments chosen to construct Flagship Park industrial estate in Peterborough creating 3,000 jobs
A new deal has been agreed to begin a major industrial development that will create 3,000 jobs in Peterborough.
A developer has been named to carry out construction work on the 127 acre Red Brick Farm site in Edgerley Drain Road, Fengate.
Landowner, the Church Commissioners for England, has appointed Trebor Developments and its partner, Hillwood, to develop the site.
Planning approval for development was granted in January when Peterborough councillors were told the site could deliver between 2,943 and 3,259 jobs.
Bob Tattrie, managing partner for Trebor, said: “This major new site is exciting and will provide the opportunity to deliver a wide range of quality industrial units in the Peterborough region.
“The partnership with the Church Commissioners for England was completed during the lockdown period and again, illustrates our ability to do deals despite the difficult UK circumstances.”
The new development is to be called Flagship Park and it is hoped work to install infrastructure will start this summer.
It will pave the way for a range of industrial accommodation from 20,000 sq ft to more than 650,000 sq ft, delivered either in speculative phases or in pre-let/sales phases.
Terms have been agreed for the first major transaction and marketing of the site is already under way.
Joanna Loxton, Head of Strategic Land for the Church Commissioners for England, said: “We are pleased to support the delivery of Flagship Park which will bring new opportunities, investment and jobs to Peterborough.
“This scheme is the result of collaboration with several parties and we are thrilled with the offering we have achieved together.”
Trebor and Hillwood were represented by Savills (Peterborough) and Bidwells and the Church Commissioners for England were represented by Savills London.
It will be the second major project in Peterborough that Trebor Developments and Hillwood have been chosen to carry out.
Five months ago, the companies were named as developers for the former Mars Petcare site in Shrewsbury Avenue, in Woodston. The £55 million development is expected to create 100 plus jobs.