Chancerygate and Bridges Fund Management have achieved practical completion on a new 200,000 sq ft multi-use development in Peterborough.
Bourges View, which has a GDV of £30m, is situated adjacent to Maskew Retail Park and offers three drive-thrus, nine trade counter units and nine industrial and warehouse units ranging from 2,800 sq ft to 34,500 sq ft.
The drive-thru units have been let to Costa Coffee, Taco Bell and Wendy’s, with trade merchants Toolstation, Wurth, Brewers, CareCo and self-storage provider Lok’nStore committing to the scheme in advance of practical completion. There are currently 14 units available to rent.
George Dickens, senior development director at Chancerygate, said: “We have rejuvenated an empty site to create new employment and trade counter opportunities. This ensures businesses located at Bourges View are best placed to serve Peterborough and the locality, whilst supporting job creation and economic growth for the region.
“There is strong demand from businesses for high specification, sustainable accommodation which is evidenced by the numerous well-known brands already secured as occupiers. The prominence, tenant mix and accessibility of this development makes it Peterborough’s premier roadside and trade counter destination.”
Guy Bowden, partner at Bridges Fund Management partner, added: “The Bourges View development has revitalised a previously redundant site and could create up to 280 new jobs for the surrounding area. Incorporating important sustainable features into the design has enabled us to achieve a BREEAM Very Good rating. The development will both benefit occupiers and provide the wider Peterborough community with a high-quality commercial and industrial hub.”
Savills and JLL are agents for Bourges View.
