Property developer Godwin Developments has agreed a deal for the acquisition of ‘South East Gateway’ – a 54-acre site in Daventry, Northamptonshire.
The site was sold by “a consortium of landowners”. Godwin Developments intends to transform the land into a “high-quality, sustainability-led employment hub”.
Marcus Phayer, Development Director of Industrial and Logistics at Godwin Developments, said: “We are really pleased to have secured this key allocated employment site in Daventry. With its proximity to the town centre and the M1 motorway, as well as the Grade A specification we have in mind, we are certain it would attract strong interest from potential occupiers.
“Our proactive and collaborative approach, combined with our proven track record, has enabled us to conclude this deal despite the current turbulent market conditions.
“We are keen to work closely with West Northamptonshire Council and local stakeholders, and are targeting a planning submission for circa 500,000ft² of employment space in the first half of 2024.”
Securing “prime sites situated in close proximity to key motorway and A road networks” is part of Godwin Developments’ core industrial and logistics strategy. The motivation behind this is the company’s acknowledgement that supply is constricted in these areas and there is “clear, unsatisfied occupier demand”.
Co-founder and Director of Godwin Group Stuart Pratt added: “To date, we have developed an existing pipeline capability in industrial and logistics totalling over one million ft² and an estimated value of £250 million.
“Our ambition is to further expand Godwin’s existing industrial and logistics proposition over the next few years and establish ourselves as a recognised leader in this highly competitive sector in front of investors and occupiers alike.”
Fisher German and Irwin Mitchell advised Godwin Developments on this deal. Property services firm Howkins and Harrison acted as the disposing land agent. Godwin Developments has retained Fisher German, CBRE, and Howkins and Harrison as advisors.
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