Marshgate Group is pleased to announce that terms for the pre-let of a new 136,600 sq ft manufacturing and distribution centre at Horizon 120, have been exchanged with British Off-Site, a wholly-owned subsidiary of Weston Group.
A 65-acre business park, Horizon 120 will support up to 750,000 sq ft of light industrial space, aimed at high-tech engineering and manufacturing, as well as logistics and retail distribution companies. The new Enterprise Centre/Hub, currently under construction, will include on-site facilities such as a shared meeting space, café, retail and childcare provision, due for completion in Q1 2022.
Formed in 1987 by Bob Weston, Weston Group has five subsidiaries including major housebuilder Weston Homes. The group operates in South East England, with offices in Stansted and London’s Portland Square.
Weston Group has acquired the new facility for British Off-Site to complement their existing 73,000 sq ft logistics centre in Braintree. The development will be constructed to a high standard with 11.5% office content, 12m clear internal height, dock/surface loading and benefit from a generous yard being on a 6.9-acre plot with 40% site cover Planning was fast-tracked and obtained within 28 days under the adopted Local Development Order for the park. Construction will commence in September for practical completion in July 2022.
David Warburton, Managing Director at the Marshgate Group, said: “We are thrilled to have secured this first-class, manufacturing/distribution occupier on a long term 25-year lease at the Park. Following on from Careco and Essex Xray, which are taking new 100,000sqft and 33,000 sq ft developments, Weston Group joins a growing list of quality companies relocating to this prime 65 acre strategically located business park, where Phase 1 is now 50% let/under offer.”
Bob Weston, Chairman & Chief Executive of Weston Group said: “Weston Group is delighted to have acquired this new manufacturing and distribution centre which forms a key part of our strategic expansion plans for British Off-Site. Weston Group will be releasing details of our exciting plans for British Off-Site and the future of this large complex later in 2021, which will provide new employment and inward investment to this key business park in North Essex.”
Located just off the A120 in Braintree, Essex, between the regional growth centres of Chelmsford and Colchester, Horizon 120 provides excellent road connectivity via the A131, A12 and A120 and is within 20 minutes of London Stansted Airport.
15 acres remain within Phase 1 and bespoke units, ranging from 5,000 sq ft to 130,000 sq ft, are available on a freehold/leasehold Design and Build basis, for occupation from Q2 2022.