The Belgian logistics and real estate company is known for sustainability of its buildings
Belgian logistics and real estate company Weerts Group has chosen Suffolk Park at Bury St Edmunds for its first UK warehouse location and has secured just over 42-acres from developer Jaynic for a new 870,000 sq ft logistics unit to be delivered in summer 2021.
This is the largest ever warehouse transaction to be undertaken in Bury St Edmunds and the West Suffolk region, bringing major new investment and jobs to the region.
The facility will be developed in two phases and a detailed planning application has been submitted to West Suffolk Council. Weerts Group is renowned across Europe for its buildings where sustainability is an important feature.
Ben Oughton, development director of Jaynic, said: This transaction with Weerts Group comes swiftly on the heels of the sale of our SP206 unit to Chinese consumer goods importer M H Star and re-affirms the rapidly increasing popularity of the A14 as a logistics location.
In under six months these two transactions amount to 1.1m sq ft of warehousing and the creation of around 700 jobs for the local economy, Oughton said.
Weerts Group is headquartered in Liège and has operations in Belgium, Luxembourg, Germany, Hungary and Romania.
In 2017, it significantly expanded its operations through the acquisition of the in-house logistics of the Audi manufacturing plant in Brussels (65,000 sq m), where it operates all in-house logistics activities for the Brussels plant and is actively involved in preparing for the construction of the first full electric vehicle produced by the Audi group.
Elsewhere at Suffolk Park the 112,000 sq ft first phase of Treatt Plc’s new global headquarters being developed by Jaynic is due for completion imminently. The 114-acre Suffolk Park has outline planning consent for 2 million sq ft of business, distribution, and industrial space.
The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.