UK property developer Godwin Developments has announced it has exchanged contracts with a consortium of landowners on a 54-acre site in Daventry, which it intends to transform into a high-quality, sustainability-led employment hub.
The site – known as ‘South East Gateway’ – benefits from an existing allocation of 32 acres in the Daventry Local Plan for industrial, logistics and business uses. It is well positioned off the A45 London Road at the southeastern entry point into the town, next to similar uses, and offers quick access to the M1 Junction 16 which lies only 6 miles away.
South East Gateway reflects Godwin’s core I&L strategy of securing prime sites situated in close proximity to key motorway and A road networks, where supply is constricted and there is clear, unsatisfied occupier demand. The business is targeting the delivery of modern, best-in-class institutional-grade assets, built to the highest ESG standards that incorporate green spaces, biodiversity and social value principles from their inception.
Marcus Phayer, Development Director, Industrial and Logistics at Godwin Developments said: “We are really pleased to have secured this key allocated employment site in Daventry. With its proximity to the town centre and the M1 motorway, as well as the Grade A specification we have in mind, we are certain it would attract strong interest from potential occupiers.
“Our proactive and collaborative approach, combined with our proven track record, has enabled us to conclude this deal despite the current turbulent market conditions.
“We are keen to work closely with West Northamptonshire Council and local stakeholders and are targeting a planning submission for circa 500,000 square feet of employment space in the first half of 2024.
“We also continue to seek opportunities in well-established distribution corridors, close to major population centres and transport networks – whether they are ‘oven ready’, allocated for employment, or strategic land promotions.”
Stuart Pratt, Director and Co-founder of Godwin Group commented: “We have a strong track record of delivery across the residential, commercial and logistics sectors throughout the UK. To date, we have developed an existing pipeline capability in Industrial & Logistics totalling over one million sq ft and an estimated value of £250 million.
“Our ambition is to further expand Godwin’s existing industrial and logistics proposition over the next few years and establish ourselves as a recognised leader in this highly competitive sector in front of investors and occupiers alike”.
Godwin Developments was advised by Fisher German and Irwin Mitchell, with Howkins and Harrisons acting as the disposing land agent. Retained advisors will be Fisher German, CBRE, and Howkins and Harrison.
