Railpen has secured planning consent for Phase 2 of the High Wycombe X industrial and logistics development at Cressex Business Park.
The second phase will provide approximately 145,000 sq ft of sustainable industrial and logistics space across five units.
Railpen has already secured two pre-lets at the site with UK food wholesaler Booker signing for 47,300 sq ft and indoor trampoline operator Activeon taking a 25,600 sq ft unit.
Both occupiers have signed 20-year leases at the scheme, which is due to complete in Q2 2027. The final stage of the development will feature a 120,000 sq ft unit available on a pre-let or build-to-suit basis.
Developed in partnership with Wrenbridge, High Wycombe X forms part of Railpen’s growing X portfolio – a branded collection of small and medium-sized industrial and logistics developments.
Alastair Dawson, UK industrial – sector lead at Railpen, said: “The industrial and logistics sector continues to present a very compelling long-term investment opportunity, one which is underpinned by structural demand driven by e-commerce growth and the continued modernisation of UK supply chains. The demand for high quality space continues to outstrip supply, and the strong pre-letting interest we’ve secured demonstrates that occupiers increasingly value developments that combine exceptional sustainability credentials, outstanding connectivity, and spaces designed around modern needs.
“High Wycombe X is a prime example of our strategy in action – we’re focused on creating high quality assets that deliver lasting value for both our members and our occupiers, and High Wycombe X is transforming a former industrial estate into a future-ready logistics hub.”
Max Russell, associate director at Wrenbridge, added: “This is a very exciting time for the High Wycombe market, and an opportune moment to receive planning consent. We’re bringing forward the remaining units on a speculative basis, confident that this level of occupier interest will carry through into this phase and future phases. Delivery of Phase 2 is scheduled for a summer 2027 completion with units ranging from 19,429 to 28,460 sq ft.”
Savills, Adroit Real Estate and Duncan Bailey Kennedy are joint agents at High Wycombe X.
