Godwin Developments has exchanged contracts with a consortium of landowners on the 54-acre South East Gateway site in Daventry, where it intends to build a circa 500,000 sq ft employment hub.
Godwin paid an undisclosed price for the site, which is located off the A45 London Road and benefits from an existing allocation of 32 acres in the Daventry local plan for industrial, logistics and business uses.
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 sq ft 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, added: “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 and logistics totalling over one million square feet and an estimated value of £250m. 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. Howkins and Harrisons acted as the disposing land agent. Fisher German, CBRE and Howkins and Harrison have been retained as advisors on the scheme.
