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Spring 2022Kingsway Business Park set for 'unprecedented year'

2021 was an incredibly successful year for Kingsway Business Park and 2022 promises to be even better. That’s the message from Henry Henson, commercial development manager at Wilson Bowden Developments, after a string of high-profile occupiers and planning permissions were secured in the last 12 months.

All the remaining units having been snapped up, there were no units readily available for immediate occupation at Kingsway, so a series of speculative developments have been brought forward and are due for completion in 2022. Wilson Bowden Developments has started work on the 7.67 acre site between Sir Isaac Newton Way and Lower Lane – known as Urban Park or Plot G.

The units on Urban Park, which vary in size from 21,570 sq ft to 39,740 sq ft, have been bought speculatively by property investment company Urban Logistics REIT. These are expected to complete in summer 2022.

Mr Henson said: “There’s a real pent-up demand for occupiers and investors for prime development sites close to the main motorway network, which is why Kingsway is so popular.

“Over the last 12 months, the retail sector has undoubtedly seen an acceleration of growth from online sales as a result of the Covid pandemic. In turn, this has also had a major knock-on impact for the need of additional parcel hub and last-mile delivery facilities within the logistic sector, in order to meet the rising trend of fast turnaround delivery timescales for consumers.

“We have also heard of many companies experiencing supply chain issues from overseas throughout the Brexit and Covid periods. As a consequence, many companies we have spoken to have been rethinking their business strategies, resulting in more on shoring measures taking place. As a direct result, we are seeing huge demand for new manufacturing and logistics space across our development sites and especially at Kingsway.

“We’ve got more opportunities in the pipeline at Kingsway, both on a design and build basis and spec funding opportunities. If you’re an occupier or an investor, come and talk to us.”

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