Bedford Mayor Dave Hodgson and council chief executive Phil Simpkins were among the guests who joined executives from developer LondonMetric Property plc and Graftongate at Bedford Link Logistics Park.
The warehouses will be ready for occupation in early 2019 and represent the second phase of development at the site to deliver around 700,000 sq. ft. of modern logistic space and representing a total investment by LondonMetric of £70 million.
Interest from potential occupiers has been encouraging, said Graftongate development dircector Jamie Hockaday.
Mr Hodgson said: “This welcome investment is further recognition of Bedford Borough’s status as a strategic location for business. There was a lot of interest in this site which demonstrates its attractiveness and its very favourable location. I look forward to the completion of the construction work and the many jobs that will be created for local people.”
LondonMetric’s development manager Nick Heath said: “LondonMetric is delighted to be now bringing forward the scheme, after working closely with the council and other interested parties.
"We are long-term investors in Bedford, already owning the nearby Argos distribution warehouse. We are excited by the prospects for Bedford as a key logistics location and the long term local opportunities that this development will bring.”
For more information on Bedford Link, contact the joint letting agents Lloyd Spencer & Steve Williams at Adroit Real Estate Advisors or Jamie Catherall & Mark Webster at DTRE.
