Mountpark lets 359,305 sq ft to Countryside Properties in the East Midlands.26th June 2020
Mountpark Logistics, a leading developer of industrial and logistics property, today announced that it has leased a 359,305 sq ft purpose-built manufacturing facility to Countryside Properties at its Mountpark Bardon II scheme in the East Midlands.
Countryside plans to use the building to make its advanced modular panel system that will deliver around 3,250 new homes a year for the company’s three Midlands regions when the factory is fully operational. The facility will create over 100 jobs, including apprenticeships for the local area.
“We aim to build 6,000 modular homes a year by 2023 and this new facility is an important part of our development strategy,” said Les Brown, Managing Director, Countryside Timber Frame Limited. “Mountpark Bardon II is centrally located, close to Junction 22 of the M1 motorway, so we will be in an ideal position to deliver components to our sites across the Midlands.”
With full planning consent in place, Mountpark hopes to start construction work as soon as possible.
The new Countryside facility will be the second building at Mountpark Bardon II, where the company recently completed a 579,160 sq ft national distribution centre for VF Corporation. Mountpark has already delivered 1.4 million sq ft at the first phase of its Bardon development with lettings to Amazon, Eddie Stobart and Pharmacy2U.
“Bardon is an important industrial and logistics location along the M1 corridor and continues to attract good occupier demand,” said Tom Kilmister, Development Director, Mountpark UK & Ireland. “At Mountpark Bardon, we aim to offer customers the best opportunities for design and build solutions that ensure flexibility, speed and certainty of delivery.”
Tom Kilmister continued, “Pressure on UK housing supply is well documented and Countryside’s pre-fabricated housing strategy offers an exciting and innovative solution. We look forward to welcoming the company to Mountpark Bardon II and working with the team to deliver a state-of-the-art manufacturing facility that will accommodate Countryside’s growth plans.”
DTRE and CBRE acted for Mountpark and Countryside Properties was represented by Preston O’Herlihy.