Outline planning approved at Plymouth Enterprise Park
February 7th, 2014, Plymouth: London and Devonshire Trust (LDT) has secured outline planning permission forfurther development of its 22-acre Plymouth Enterprise Park (PEP)in a strategic location to the northwest of the city at Ernesettle.
Plymouth City Council has approved the application for over 6000m2 of B2 general industry and 9000m2 of B8 storage and distribution use on the site of the former Toshiba factory.
Daniel Stephenson, Managing Director, LDT said: “We are delighted that our outline planning has been approved, and hope that this will generate interest from companies looking to expand or relocate operations in the South West.”
Local and regional businesses are already showing interest in the proposed high specification buildings. Representing the joint letting agents Harcourt Kerr and Listers, Ifan Rhys-Jones commented: “We have had enquiries from further afield than we would expect for smaller less strategic sites but the unique attributes and early deliverability of PEP make it an important location to be considered against other sites across the UK.”
LDT has already announced an agreement with REACT Energy plc for a 10 megawatt biomass combined heat and power project at PEP, and Fulcrum Power Generation Ltd (FPGL)is currently on site, preparing for installation of a 20-megawatt power generation unit.
A sustainable and cheaper source of energy may be just what the commercial sector is looking for, and our deals at PEP with power providers make us an attractive proposition for future tenants,”
added Mr Stephenson.
Plymouth’s growing business status, and the site’s prime location, just seconds from the A38 make this a truly unique investment opportunity.”
LDT has successfully redeveloped several commercial sites across the South West including the Marsh Barton Industrial Estate in Exeter, the Tiverton Trade Centre, Mid Devon Business Park and at the Royal Portbury Docks in Bristol. Further information about the site can be obtained from www.plymouthenterprisepark.co.uk