Goodman has acquired the former Vauxhall van manufacturing site at Kimpton Road, Luton, with a view to transforming it into a £400m GDV industrial park.
The property group will join the council-led Luton Taskforce on Economic Growth and plans to work with the local authority and the community to bring forward development proposals for a mix of employment uses on the site, which is located adjacent to London Luton Airport.
Subject to planning, work is expected to start on site in 2027, with the first new businesses occupying the site in 2028.
Jason Harris, commercial director at Goodman, said: “Our vision is to deliver a transformational regeneration scheme. This will attract new businesses to Luton and create a mix of jobs from a range of sectors. We recognise the social and economic significance of the site to Luton and will work closely with Luton Council and the local community as we bring forward our plans to deliver a major contribution to the long-term economic growth of the town.”
James Taylor, portfolio holder for regeneration and inclusive growth at Luton Borough Council, added: “We look forward to working with Goodman to regenerate what is a hugely important strategic site for our town. We are keen to see a mix of commercial and industrial uses at the site, create quality new jobs for local people and bring in vital investment for Luton which will help drive Luton’s 2040 vision for a town where everyone can thrive.”
