Mirastar, a pan-European Investor & Manager of logistic assets, has commenced the next speculative development phase of high quality modern industrial distribution units at Arterial Park, Rayleigh. This follows the success of the 120,000 sq ft Phase 1.
Once built, the development will provide 10 units with an approximate total floor space of 290,000 sq ft in a flexible size range from 4,210 – 129,494 sq ft.
With a key focus on ESG credentials the new units will deliver a BREEAM “Excellent” rating and an EPC rating of A. Occupiers will benefit from rooftop solar PV, EV chargers and cycle shelters.
Arterial Park is strategically located at the junction of the A127, A1245 and A130 roads. This gives unrivalled connectivity to the region, the East Coast Ports, the A13, and Central London. There is swift motorway access to both J30 and J29 of the M25.
Phase 2 will be ready for occupation in Q2 2024. The flexible size range and superior specification renders these units suitable for discerning occupiers from trade counter, logistics, industrial and manufacturing sectors.
The development builds on the success of the 120,000 sq ft Phase 1 development, where only two out of nine units remain available for immediate occupation. Existing occupiers at Phase 1 include Screwfix, ABL 1 Touch, Proteus Waterproofing, AM Fork Trucks, and Yewdale.
Richard Seton – Clements Director of CBRE South East Industrial & Logistics team said ‘Following, the success of Phase 1 Arterial Park in Rayleigh we have seen a growing demand from a wide cross section of businesses. Phase 2 is already generating pre-let enquiries as businesses seek to stay local to retain staff but also secure high quality space offering excellent ESG credentials in a well located position. We are excited to be offering Phase 2 to the market and fully expect an early take up.’
To find out more about this exciting development please contact the joint agency teams:
Jim O'Connell (Glenny)
Daniel Wink (Glenny)
Tom Gill (Glenny)
Richard Seton-Clements (CBRE)
Alex Schofield (CBRE)
Ryan Anderson (AssocRICS) (CBRE)
Alice Hampden-Smith (DTRE)
Claudia Harley (DTRE)
Max Dowley (DTRE)
