Buccleuch Property and Top Road have acquired a 4.3-acre strategic development site on Old Tiffield Road in Towcester for an undisclosed price.
Previously owned by Tesco, the site benefits from detailed planning consent for more than 80,000 sq ft and is suitable for a variety of industrial uses including trade counter, warehouse and strategic distribution as well as a café pod.
Enabling works have already commenced on site at the scheme, which has been christened TT Park, and it is expected that the first units could be ready for occupation in the latter half of 2025.
Neil Finnie, development director at Buccleuch Property, said: “The development will help to address an acute shortage of modern energy efficient industrial accommodation in the area. By working with local partners to identify strategic development sites, we are able to use our strong company balance sheet and development expertise to deliver the right product in to a market with constrained supply.”
Angus Wade, investment director at Top Road, added: “We are delighted to be working with Buccleuch Property on the delivery of TT Park. Delivering institutional quality commercial developments in this region is what Top Road are focused on. Having secured detailed planning we look forward to working with the team to create a high quality environment for the occupiers and a valuable investment for Buccleuch Property.”
DTRE and Berrys Commercial are joint agents on the development.
