Henry Boot acquires Welwyn Garden City logistics site
Henry Boot Developments (HBD) will complete the regeneration of the 3-acre brownfield site – formerly home to a series of gas holders serving the local area – creating a new 6,500m2 industrial/warehouse development.
It is said the £20M scheme will provide much-needed industrial space across three separate units.
Vivienne Clements, Executive Director at HBD, said: “This is an excellent development opportunity for HBD – located in the heart of Welwyn’s established industrial estate and within close-proximity to the A1, it will help to meet established demand for high-quality, well-located industrial space.”
Demand for new industrial space has remained high across London and the South East, further exacerbated by the pandemic and the boom in e-commerce.
Simon Quine, Development Surveyor at HBD, said: “We’ll be bringing the three units forward on a speculative basis given the strength in demand for new industrial stock. We hope to submit planning in September with a view to starting on site in Q2 2022.
“The development will not only return a brownfield site back to positive use, but will provide SMEs with the space to grow, while creating valuable new jobs.”