Developers have reached a major milestone at INTER, a £28 million GDV industrial and logistics scheme in Welwyn Garden City which could create up to 178 new jobs.
Steels are now complete on the development being delivered by Origin, a UK-focused industrial and logistics platform formed by HBD, part of Henry Boot, and Feldberg Capital.
The development will create 71,000 sq ft of prime industrial and logistics space in Welwyn, attracting occupiers looking for high-spec space and top-tier ESG credentials.
INTER is expected to complete later this year. The agents for the scheme are Adroit Real Estate and Hollis Hockley.
Vivienne Clements, Executive Director at HBD, said: “Work is progressing quickly at INTER, and we’ve seen positive interest from occupiers looking for well-located, sustainable industrial and logistics space. Once complete, it will deliver a welcome boost for the local economy, creating as many as 178 jobs and attracting new investment into Welwyn Garden City.
“Origin is focused on delivering Grade A, ESG-compliant space and we look forward to seeing these first buildings completed later this year.”
Jamie Acheson, Managing Director of Feldberg Capital, commented: ”Its fantastic to see this major milestone at INTER, Welwyn Garden City, a very well-located site offering best-in-class I&L space in close proximity to Central London at an attractive rental level. Welwyn has a chronic under-supply of high-quality space which has been demonstrated by strong levels of occupier interest.”
Origin was launched in December 2024 to own and develop next-generation, ESG-compliant I&L assets in the UK’s mid-box market. It was seeded with an initial portfolio of three sites from HBD’s pipeline with a combined GDV of £100million. It aims to deliver £1billion of high-quality I&L schemes over the next seven years.