Plan for Renault Trucks site will create 500+ jobsSep 24, 2013
The scheme put forward by developer Prologis UK is one of the first speculative industrial developments in the UK since the recession began.
It has been welcomed by Central Bedfordshire, which has worked closely with Prologis to realise the scheme.
The 310,000 sq ft centre proposed for the site in Boscombe Road is one of two phases of Prologis Park. The developer extended its site in Dunstable last year and has already received planning permission from Central Bedfordshire Council for development on the 32-acre site.
Prologis UK managing director Andrew Griffiths said: "We believe this is the right time for us to start a measured programme of speculative development.
"Our aim is to provide the best occupational offer for customers in our market and speculative development in key locations is the next step in our strategy.
"Last year, we extended our Dunstable site in one of the first land acquisitions we have made since the economic downturn. We also took the decision to invest in securing detailed planning permissions to allow rapid project starts.”
The new scheme is being built in anticipation of securing occupants rather than having businesses lined up to move in.
Cllr Nigel Young pictured, executive member for sustainable communities (strategic planning and economic development) at Central Bedfordshire Council, said: “We have worked closely with Prologis to make this a possibility.
"It is an important milestone for the future of Dunstable and shows the increasing market confidence in Dunstable as a great strategic location for businesses."
Improving the town’s transport links with the opening of the Luton Dunstable Busway and the A5-M1 and Woodside Connection link roads were also a boost, he added.
"This just continues to show that our hard work to boost regeneration in Dunstable and Houghton Regis is paying off.”