Midlands developer Decorum Estates is beginning a new phase of development at its Swan Valley Business and Innovation Centre in Northampton.
Ideally situated just south west of Northampton off M1 Junction 15a, the second phase of development is underway following the successful sale of all seven properties within phase one.
£2 million development acquired by contractors MV Kelly Ltd
MV Kelly Ltd, a civil engineering and building company specialising in infrastructure, groundworks and other building services, was contracted to create the roads into the Swan Valley estate. While working on the site, the company saw the geographical benefits it would have for its Northampton regional office and bought 10,000 sq ft of space.
LSH, which is marketing the site along with agents Prop-Search and North Rae Sanders, liaised with Decorum Estates and MV Kelly Ltd to agree the terms of the £2 million development. Construction work on MV Kelly Ltd’s office is now set to complete in the second quarter of 2013.
Location provides excellent motorway links and access to vast workforce
Chris Carlisle, Director of Decorum Estates, said: “Swan Valley’s strategic location puts a working population of 1.1 million within an hour’s drive. The site also has good transport links with Luton, Birmingham International and Heathrow airports approximately an hour away. After working at the site, MV Kelly saw the potential the site had for its office requirements.”
Gavin Jones, Regional Manager for MV Kelly Ltd, said: “The proximity to the motorway junction and associated transport links was key for us. The quality of the scheme reflects our aspirations for our regional office”
Four acres of land available for design and build opportunities
There is approximately four acres of land available at Swan Valley Business and Innovation Centre for design and build opportunities.
Chris added: “We’ve seen a positive increase in the level of enquiries from companies interested in acquiring business space on the site. The development’s proximity to the motorway and new links to M1 junction 16 are proving popular with businesses. There has been sufficient interest for us to proceed with further infrastructure to open up the balance of the site, which has now completed.”
David Grove, Senior Surveyor in our Northampton office, said: “The lack of Grade A office opportunities within Northampton is now starting to affect the market. Occupiers of both local and national standing are considering design and build schemes on sites where planning permission has been granted. They can have significant input from the onset into the scheme and the ultimate fit out which makes it very attractive.
“The excellent location that Swan Valley offers in terms of access on to the M1 motorway as well as the direct link into town makes it an ideal opportunity for an occupier.”
Decorum Estates is fast becoming one of the Midlands’ most proactive developers, creating innovative mixed use, office, industrial and retail developments in the area.
Pictured: (from left) Gavin Jones, MV Kelly, Chris Carlisle, Decorum Estates, and David Grove, Lambert Smith Hampton, at the Swan Valley development site in Northampton.