We are delighted to announce that Aylesbury Vale District Council has granted planning permission for the 45,000 sq ft speculative warehouse/distribution development at WVP.
This is notably the region’s first speculative scheme of it’s kind for more than five years and is set to include a first phase of 24,000 sq ft of accommodation comprising seven units, ranging in size from 2,000 sq ft to 6,000 sq ft. The development will be set on three acres of the 650-acre site and will appeal to a wide range of businesses.
Rockspring Hanover Property Unit Trust has completed the construction tender process and appointed Ashridge Construction to construct Phase One of the speculative development within a six-month framework.
Ashridge Construction is an established regional contractor based in Thatcham, part of Dawnus Construction Holdings Limited. They will be responsible for the complete life cycle of the scheme from design, engineering, procurement, installation and construction management through to handover. Rockspring will be working with the existing team of Architects and Engineers to deliver the project.
The contract value of the job is worth approximately £1.5 million and overall investment in the new development estimated to be in the region of £3 million for the construction phase.
Enabling work has commenced with infrastructure improvements being carried out for drainage and electricity supplies. The main construction work is set to start before the end of November with completion of the first phase scheduled for May 2015.
The scheme which is to be called Century Court will comprise two terraces of industrial units offering space from 2,000 sq ft to 6,000 sq ft built to a high specification to incorporate a small office and wc, fully insulated cladding and roof, power floated concrete floor and electrically operated roller shutter door.
Nigel MacKenzie, Project Manager at Westcott Venture Park said: “Rockspring is accelerating its investment in the park by developing this speculative facility to deliver much needed premises for the business marketplace. We aim to open the new premises for occupation in Spring 2015 with a view to rolling out phase two the following year.”