Scheme Website : www.quest271.co.uk
Background
Salmon agreed to purchase the former Newsquest offices and associated printworks on Test Lane in October 2020.
Salmon completed all pre-purchase due diligence and obtained full planning permission for the site in December 2021 for a 155,000 sq ft industrial and logistics scheme across 3 units. Following demolition in 2023, construction began on site in 2023 and is due to be completed in Q1 2024.
The site is being built to BREEAM ‘Excellent’ and EPC ‘A’ with a fabric first approach being taking to reducing carbon emissions reflecting Salmon and Royal London Asset Management’s commitments to ESG.
Project Facts
- Site Purchase Cost : circa £8m
- Project GDV : £45m
- Completion : Q1 2024
- Construction commenced: Q1 2023
- 12m eaves height
- Funded by Royal London Mutual Insurance Society Ltd.
CGI
Plan of planning approved scheme
The planning approved scheme consists of 3 units, totalling 157,994 sq ft:
- Unit 1 – 51,111 sq.ft GEA
- Unit 2 – 44,309 sq.ft GEA
- Unit 3 – 62,574 sq.ft GEA
Construction Progress Picture (4th August 2023)
Location
Established & easily accessible Industrial Area with excellent connections to major motorways:
- Adjacent to M271
- M27 (J3): 4 mins
- M27 / M3 Interchange: 10 mins