Major boost to long term prosperity of Haverhill
Plans for a major boost to the economy of Haverhill have been approved by St Edmundsbury Borough Council. The go-ahead has been given to the Master Plan for a high profile research park of around 450,000 sq ft on a 30 acre site to the north side of the town and work could start within the next 12 months.
Nic Rumsey of the developers Carisbrooke Investments says: “This will be a key ingredient in securing the long term prosperity of Haverhill, creating up to a thousand jobs in the hi-tech industries and related services.
“We are geographically close to the South Cambridgeshire hi tech clusters at Great Chesterford, Babraham and Granta Park, to which many employees commute from Haverhill. With highly favourable terms we expect to compete strongly with them. Also, our proximity to London will reinforce the northward exodus of companies into Haverhill, drawing hi tech firms out of the capital.”
There is a great deal of local support for the research park including the Haverhill Chamber of Commerce which has stated that it backs the scheme.
Carisbrooke has a strong track record having already created Haverhill Business Park which currently provides nearly 400,000 sq ft of production, warehouse and office space to major firms such as Percy Dalton’s, Buildbase, Terence Turner Tanks, Culina Logistics, Harvester Group public house and an 80 bed Days Inn Hotel. The firm is also the force behind the 43 acre University of Essex Knowledge Gateway - the new home for the social sciences, research and development and for business space in Essex and anchored by the University of Essex sponsored Institute for Democracy and Conflict Resolution (IDCR).
The Haverhill Research Park Master Plan negotiations have been led by Cambridge-based surveyors Cheffins and may also include light industrial and office use, with low density development and extensive landscaping. In addition, the council has agreed in principle to the inclusion of two elements of higher value development to help finance the construction of the research park, including some eight acres of housing and a landmark office, hotel and restaurant development.
Cheffins head of planning, Paul Sutton, says: “We intend to submit an outline planning application before the end of this year with the hope that infrastructure works can start in the spring of next year. With the design and build packages being offered by Carisbrooke, occupiers could be opening their doors as early as spring 2013.”
Since inception in 1998, Carisbrooke has successfully executed circa £2 billion of UK transactions. These transactions have included the purchase of over 10 million square feet of investment properties, primarily in the retail, office and industrial sectors. The company master planned the Cambridge Research Park concept at Waterbeach selling it in 2000 having built the first phase of infrastructure and offices for Ntl and Diomed.
Joint letting agents for the Haverhill development will be Cambridge surveyors Cheffins and Carter Jonas.
For further information please contact:
Nic Rumsey of Carisbrooke Investments:Tel: 020 7493 6774
Paul Sutton of Cheffins: Tel: 01223 271985
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