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Harleyford Capital secures planning consent for new 450,000 sq ft logistics scheme within the Golden Triangle

Company / 06.11.2023

6th November 2023 – Harleyford Capital has announced its first strategic planning consent at the 32-acre scheme known as Wellington Business Park located within the Golden Triangle.

Outline planning permission for the development has been secured following the recent completion of the Section 106 Agreement. The site historically formed part of the airfield that was used by the RAF in World War II and was home to the Wellington Bombers of No. 14 Operational Training Unit of RAF Bomber Command.

In a salute to its heritage, the 32-acre scheme will be known as Wellington Business Park and built on a strategically located site in Leicestershire, within one mile of the A6. It will comprise 450,000 sq ft of logistics and commercial accommodation on land north of Airfield Farm.

The Gross Development Value is estimated to be £80m, with reserved matters and planning conditions to be addressed throughout 2024. The site will be built to exceptional ESG standards, targeting EPC A and BREEAM Excellent alongside a provision for electric vehicle charging points in all car parking spaces and loading yards.

Dean Harrison Managing Director: Investments at Harleyford Capital, commented: “Demand across the Midlands is not easing up as occupiers compete for the limited available space within the ‘Golden Triangle’, where 90% of the British population can be accessed within a four-hour drive time.”

“Wellington Business Park undoubtedly represents an exciting opportunity to meet this occupier demand, creating business opportunities and driving inward investment into the region. We look forward to engaging with local, regional and national businesses seeking new premises within this unique location.”

Harleyford Capital was founded in 2022 by Dean Harrison and Thomas Mallindine, former directors at global investment manager InfraRed Capital Partners, and Zayn Khamisa. The management team has transacted over £2bn of pan-European Real Estate in previous roles. 

Harleyford Capital were advised by Roebuck Land and Planning, Prop-Search and Taylor Wessing.

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