Barnwood Construction begins further 265,000 sq ft scheme at Silverstone Park
By Matt Hall | 6th May 2021
Work has started on site to construct a further 265,000 sq ft of speculative industrial buildings at Silverstone Park, next to the world-famous Grand Prix circuit near Northampton.
Gloucester-based Barnwood Construction worked as main contractor on the two previous phases, and the firm has now also been appointed to build Phase 3.
Roz Bird, commercial director at Silverstone Park, said: "The Phase 3 scheme will provide larger facilities for growing companies, and companies attracted to the area because of the skills in advanced engineering.
"With this latest scheme we again hope to attract a wide range of tenants involved in advanced engineering, manufacturing and industrial processes."
Phase 3 consists of four detached units, with the largest buildings within the development offering more than 90,000 sq ft of accommodation.
Designs are said to provide flexibility and units can be divided to enable a company to grow into the building over time or sub-let in part if they have to streamline the business in the future.
Ms Bird added: "In 2020 we transformed the west side of the estate, with new accommodation, attracting successful advanced engineering businesses, as well as the construction of a new spine road, through the site, and earth works to ensure all remaining land is ready for development. The latest scheme sits right in centre of this site.
"When we acquired the land around the Silverstone GP Circuit in 2013 there was about 250,000 sq ft of accommodation built and let. We undertook several small speculative schemes which took us to around 400,000 sq ft by 2019.
"The construction of Phase 1 and 2, in 2020, took us to 670,000 sq ft, built, with only a couple of buildings remaining available to let. Phase 3 will take us to nearly 1m sq ft on site, and we're not even half-way through the 2m sq ft of planning consent."
The programme of works for Phase 3 begins this week and will run until the end of the year.
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