Works have begun at Plot A4, Fairham Business Park as FHP secure a deal for the 100,000sq ft plot.
The unit will be neatly located next to the stand-alone units totalling 260,000sq ft. purchased by international property investment and asset management company, Hines and a custom built 56,000sq ft facility for Scientific Laboratory Supplies.
The brand-new purpose-built premises will be comprised of a 95,379sq ft warehouse with 12,292sq ft office and welfare space over 3 storeys, situated at the front of the building.
There will be 84 car parking spaces at the front of property with 10 electric vehicle (EV) charging bays. There will also be a large service yard to rear with 10 dock levellers and 4 level access to meet the needs of the occupier. Clowes will be providing a fully photovoltaic (PV) ready frame. The unit is expected to be ready for occupation by the summer of 2024.
Tim Gilbertson, Director at FHP Property Consultants commented on the deal:
“It’s fabulous to see the ongoing development of Fairham Business Park continue at pace following completion of the latest deal for a 100,000sq ft standalone building.
This deal quickly follows on the heels of the letting and completed building for Scientific Laboratory Supplies and will be the fifth building on Fairham Business Park with completion due and handover of keys set for mid-2024.
The continuity of development on site is startling as TanRo will now be building out their fifth building on the site without “downing tools” and we hope, with ongoing discussions with a number of parties for further buildings on the site, that they can continue building well into mid-2024 and beyond without a break.
This says something about the fantastic transport links of Fairham Business Park and it’s positioning outside of Nottingham’s workplace parking levy and I am confident that we will bring forward new occupiers and news of further details in the near future”.
Ben Hall, Director at IMA Architects added;
“It’s fantastic to see the next phase being brought forwards at Fairham to deliver this unit for a bespoke occupier, and having seen the changes on site over the past 18 months the next phase will continue the fantastic progress the business park is making.
“IMA Architects are delighted to continue the relationship with Clowes Developments with regards to this next phase and look forward to seeing work progress.”
The commercial development boasts excellent connectivity with easy reach of junction 24 of the M1, East Midlands Airport and adjoining the NET Tram Park & Ride site, with further transport improvements expected.
Fairham Business Park offers the perfect location for business offering 50 acres (20 hectares) of employment opportunities, surrounded by the countryside, a neighbourhood centre and 3,000 brand-new homes.
Despite such heavy investments, there remains ‘design and build’ opportunities ranging from 44,000 – 120,000sq ft units on an all-enquiries basis.