Rugby Investments has forward sold the remaining plot of land there to MW Trustees for Â£5.8 million. The 3.4-acre plot has planning permission for two new buildings totalling nearly 50,000 sq ft of office/ production space which have been pre-let to Chloride Electronics and Mektron Systems, both of which were seeking larger premises in Bedford.
Construction work is under way and is due for completion in July, said Rugby Investments director Luke Hedderwick.
Andrew Clarke, of joint agents Douglas Duff, said: “With two of Bedfordâ€™s most successful companies expanding within the town, this new development will provide a significant boost to the local economy.”
Chloride Electronics, a manufacturer of power supply systems and conditioners, has taken a 15-year lease on 19,800 sq ft.
Mektron Systemsâ€™ new premises totals 28,800 sq ft, leased for ten years. Mektron is a major provider of rugged system enclosure solutions, particularly for the defence sector.