Jaynic has appointed Parkway Construction MK Ltd on its SP47 warehouse at Suffolk Park, Bury St Edmunds, which will break ground on the scheme in April with completion expected in December 2022.
The development will comprise a 47,657 sq ft warehouse to be speculatively developed by Jaynic to cater for the strong occupier demand in the region.
Development director Ben Oughton, says: “There is little or no supply of warehouse space coming out of the ground in the region and given the considerable demand from occupiers we are confident that we will find an occupier for the building during the construction phase.”
Contracts Director Matthew Vicarage at Parkway said “We are delighted to be working with Jaynic on another great scheme”.
SP47 follows on from SP160, also being built by Parkway, where construction is well underway for a 160,000 sq ft speculative warehouse and Jaynic is currently in negotiations with potential occupiers for the building.
Once these two buildings are completed there will be just 12.5 acres remaining at Suffolk Park for development.
Companies taking space at Suffolk Park to date include Weerts Group, Skechers, Bleckmann, MH Star UK Ltd, Unipart Logistics, Treatt, Sealey and The East of England Ambulance Trust accounting for approaching 1.75m sq ft of space.
Suffolk Park offers prospective occupiers bespoke buildings on a design & build basis alongside a rolling programme of speculative development.
It is located within one hour of the Port of Felixstowe, the UK’s largest container port dealing with 42% of Britain’s containerised trade. In 2015 it was ranked as the 37th busiest container port in the world and Europe’s 6th busiest.