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Jelmac Properties has purchased Pytchley Business Park, which is the first speculative industrial scheme in Kettering for more than five years.
The development, which is being constructed by Tungsten Properties, will comprise approximately 44,400 in 13 business units - offering between 2,200 sq ft and 10,000 sq ft.
Jelmac Properties is a family run and privately owned property investment business that owns a number of industrial estates across the Midlands.
Planning permission has recently been granted for the scheme and the construction of the units is scheduled to commence within weeks. The first of the new units will be completed in early 2016 with the whole scheme being completed by the end of 2016.
Mark Spooner Director of Jelmac Properties, said: “We are delighted to have purchased Pytchley Business Park from Tungsten Properties. The units will be constructed to an excellent level of specification and will provide much needed quality space to occupiers. We expect to attract top-quality tenants and look forward to holding the development as a long term investment.”
Having purchased the site for Tungsten Properties Prop-Search has been retained as sole marketing agents for the scheme. Richard Baker of Prop-Search, added: “We are extremely encouraged by the level of interest that we have received in the development before we have even started on site. This is due to the quality of the proposed build and the sites excellent location close to the A14.”
Companies wishing to express their interest in the units should contact Prop-Search on 01604 492000 or its website: www.prop-search.com.