Richborough Commercial has signed a promotion agreement to bring forward new industrial and logistics space on land adjoining the M45/A45, on the edge of Thurlaston, Rugby.
The 29-acre, non-greenbelt site has the potential to deliver up to 460,000 sq ft of warehousing.
The site adjoins Symmetry Park Rugby, where construction has recently got underway on three major logistics units to answer market demand.
Nick Jones, group director of Richborough Commercial, said: “Strategically located on the motorway network, our proposed development will enhance the Symmetry Park offer while generating new jobs and boosting the local economy. We look forward to working with Rugby Borough Council to secure planning permission to bring the site forward for development.”
The site is close to the South West Rugby Urban Extension which is due to provide up to 5,000 new homes.
With thanks to Jeff Paybody and Henry Martin of Howkins & Harrison, who represented the landowner.
For more details please contact Nick Jones: nick.jones@richborough.co.uk