Construction work has started on the latest phase of HBD’s Butterfield Business Park, doubling the size of the scheme and providing a further 82,000 sq. ft. of industrial space for local occupiers and SMEs.
Luton’s Butterfield Business Park is an 83-acre scheme being delivered by property developer, HBD. Along with excellent transport links, the scheme benefits from a range of amenities including an Innovation Centre and a Hilton Garden Inn Hotel.
HBD submitted plans for a second phase of The Quad last year following high demand for the first 10 units, which completed in 2019. Demand for additional space drove the decision to develop a second phase on a speculative basis, which will now provide an additional 5 units from 10,000 – 25,000 sq. ft.
Luke Davenport, Senior Development Surveyor at HBD, said: “The first phase of The Quad was incredibly popular – particularly with businesses looking to occupy freeholds. Given the strength in demand for the space – and the continued under-supply of high quality industrial space in the region – we are now bringing forward this second phase of the scheme on a speculative basis.”
He continued: “Work is progressing quickly at The Quad, and Eden Farm also recently took occupation of its new 73,000 sq. ft. bespoke building – it’s great to see Butterfield taking shape and to be able to welcome new occupiers to the scheme, providing businesses with the space they need to grow.”
The first units will complete in early 2022 and will be available on both leasehold and freehold terms.
HBD has offices in London, Leeds, Sheffield, Manchester, Birmingham, Bristol and Glasgow. The developer is working with a pipeline of £1.4bn across key target sectors; urban commercial and urban residential schemes and industrial and logistics projects.
Adroit Real Estate Advisors, LSH and Cushman & Wakefield are the agents on the scheme.