Lambert Smith Hampton (LSH), alongside joint agents Avison Young, has secured a 66,900 sq ft pre-let for Aviva Investors at Swan Valley, Northampton, as Aviva Investors separately prepares to complete the speculative development of a 58,080 sq ft industrial unit, and makes plans for a further 128,000 sq ft logistics facility.
Guy Salmon part of the Sytner Group has pre-let a 66,900 sq ft property to create a dual state-of-the-art showroom for its Jaguar and Land Rover brands bringing with it 140 jobs. Construction has begun and is due to complete in Q2 2020.
The facility will enable the Guy Salmon Group to bring two separate Jaguar Land Rover dealerships together in a prime location at the entrance to Swan Valley. Located just off the M1 motorway, the showroom will provide a high-profile brand awareness opportunity at the gateway to Northampton.
As well as the showroom, the six acre plot will include workshops, allowing the Sytner Group to offer a superior customer experience.
Swan Valley is a prime office and logistics park that has been developed by Aviva Investors over the last 20 years. It has become a highly sought-after location at the heart of the Golden Triangle, housing occupiers that include Morrisons, Pets at Home, Carlsberg, Royal Mail and The White Company.
Elsewhere on the park, Aviva Investors’ speculative development of a best in class 58,080 sq ft industrial facility called Odette 58 is also currently underway. Due for completion in September, the facility is already gaining significant interest and offers enhanced employee focussed features such as shower facilities, locker rooms, multiple EV charging points and outside seating areas.
A further speculative development of 128,000 sq ft logistics facility, will begin later this year and will feature, amongst other things, a low site density to assist occupier demands for increased yard areas.
James Hill, Director – Industrial, Lambert Smith Hampton, said
“Guy Salmon’s pre-let to create a flagship showroom for Jaguar Land Rover highlights the continued success of Swan Valley Industrial Estate for Aviva Investors. The prominent location of the park provides an excellent opportunity for brand awareness for the Guy Salmon Group, while the size of the facility will allow the company to extend its customer service offering even further.
“The Golden Triangle continues to be an extremely active area for industrial and logistics occupiers. We have no doubt that Aviva Investors’ speculative development of a further 128,000 sq ft will attract considerable attention.”
Ben Lomax, Director, Real Estate, at Aviva Investors said:
“We have enjoyed a high level of success at Swan Valley, which continues to be a prime logistics site within our portfolio given its strong transport links to the north and south via the M1 corridor. We are pleased to welcome Guy Salmon Group and Jaguar Land Rover to the property.
“Securing further development of the site means we can continue to offer best-in-class facilities that attract good-quality tenants. Coupled with the significant development in the surrounding area, we believe this will allow us deliver strong and sustainable, long-term returns to our investors.”