Marshgate Group has reached practical completion of the 160,000 sq ft Hyperion ‘mid box’ scheme forward funded by CBRE Investment Management, at Horizon 120 Innovation & Business Park in Braintree, Essex.
The scheme consists of three detached units, ranging in size between 31,000 sq ft and 76,700 sq ft, which have been constructed to BREEAM Very Good standard and have an EPC A rating.
David Warburton, managing director of Marshgate Group, said: “We are delighted to have completed this ‘best in class’ speculative development on behalf of a major pension fund. It is a unique ‘mid box’ offering for the north Essex industrial market where there is a scarce supply of prime space.
“With the other recent developments completed for occupiers such as British Off Site [140,000 sq ft] and Careco [100,000 sq ft], the Horizon 120 Innovation & Business Park has now been transformed into one of the most strategic and significant industrial, R&D and logistics parks in the region.”
Horizon 120 Innovation & Business Park is a 67-acre scheme, which will comprise light industrial, R&D and office space. Knight Frank and Coke Gearing Consulting are the joint letting agents.
