Developers have purchased an eight-acre site at Eastern Gateway. This is opposite junction 54 at Sproughton. The pair have plans to develop the site, which will allow several new businesses to join La Doria and Amazon, which already have a presence at the business park. It’s said that this new venture is going to create over 350 new jobs. Hillwood and Trebor Developments have acquired the commercial land for a sum that’s yet to be disclosed. They currently have plans to build five units.
Trebor have secured planning approval for warehousing and industrial units. This ranges from 12,905 to 52,250 square feet of space, with plans to build on a speculative basis.
Magrock Ltd. Have been Hired as the Main Contractor
Magrock Ltd. is the main contractor, and the project is set to reach completion by spring 2024. The scheme which is being marketed under “Access @ Eastern Gateway, Ipswich” is going to join both Amazon and La Doria on the site. Greg Dalton, the boss of Trebor has released a statement detailing that Ipswich is a logistical hub with key links to eastern England. They are delighted to have been able to work with the local council, as it meant that they were able to acquire the site.
Investing in a New Commercial Project
Dalton believes that the area is crying out for industrialisation and that his company is going to bring a new lease of life to the area. The units are going to be built on a speculative basis. This is yet another example of how construction can release prime land for development.
Neil MacDonald, the Ipswich council leader has described the deal as being a great step forward for the area. Eastern Gateway is highly developable land, and by taking on this site, new potential has been unlocked. So far, the council has been highly successful in stimulating investment while encouraging the creation of new jobs. The local economy is being bolstered as a result of these decisions and it’s going to pave the way for new projects going forward.
Lambert Smith Hampton, as well as Savills, have acted for the council in the deal, and are currently agents for Trebor.
