Tuesday 30th November 2021
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Jaynic

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Property developer Jaynic concentrates its development activities throughout East Anglia with a focus on the A14 between Cambridge and Felixstowe with 7.39m sq ft of warehouse and business space under development or in the pipeline.

In a joint venture with Mid-Suffolk Council it has just won planning consent for 2.45m sq ft of business, high-tech and warehouse space at the Gateway 14 site adjacent to Junction 50 of the A14 at Stowmarket.

This site was further buoyed earlier in the year by the Government’s decision to award it freeport status and there is already strong interest from both business and warehouse occupiers.

Over the last 18 months the company has benefited tremendously from the huge uptake of warehouse space across the country with the inexorable rise of home shopping being accelerated by the COVID-19 pandemic.

Last Autumn it signed its biggest ever deal to sell a site at Suffolk Park, Bury St Edmunds, to Belgian logistics giant Weerts for an 870,000 sq ft warehouse that will be completed by Jaynic in October and this summer it pre-let a 86,700 sq ft unit to parcel carrier Hermes Parcelnet Ltd. The Hermes deal forms part of a phase three detailed planning application at Suffolk Park that will also comprise two more speculative warehouse units of 160,000 sq ft and 47,000 sq ft respectively. Occupiers on the site already include M H Star, Treatt, Unipart Logistics and the East of England Ambulance Trust.

In the Spring Jaynic bought Karro Food Limited’s redundant 20-acre southern site opposite Karro’s retained plant at Little Wratting on the A143 between Haverhill and Bury St Edmunds.

The development is to be called the Stour Business Park with five acres already allocated for employment in West Suffolk Council’s adopted local plan, the Rural Vision 2031.

Jaynic has made representations to the council to seek an extension to the existing employment allocation in the new emerging local plan on the remaining 14 acres, which may also include land for recreational sport and open space.

Development director Ben Oughton says: “We have bought the Karro site because we are seeing substantial demand for warehousing space at our other sites in Bury St Edmunds and Stowmarket and believe that this location will prove attractive to potential occupiers. It has the potential to accommodate a single facility of up to 250,000 sq ft.”

And this summer Jaynic has been appointed as land promotion partner on a 39-acre prime site at the Boxworth Road junction with the A14 at Boxworth to the south of Cambridge Services.

The site is being promoted for B1, B2 and B8 employment uses, on behalf of the landowner.The site has recently been included within the Council’s draft preferred options document.

Oughton, says: “This site has huge potential for a Regional/Sub-regional warehouse/business park scheme of up to 580,000 sq ft and we have already commenced discussions with South Cambridgeshire District Council about this opportunity.”

Jaynic has built a strong reputation for promoting land through the planning system for residential and employment use and for the development of high-quality warehousing, logistics and business parks. It works in partnership with landowners and occupiers for warehouse and business park development throughout Cambridgeshire, Suffolk and Essex that is being, or is earmarked, for development.

At Haverhill Research Park, Jaynic’s EpiCentre innovation building was completed in November last year and since then there has been a healthy take-up of occupiers of both biotech and life science companies for the laboratory space and more broadly based occupiers for the office space.

The EpiCentre is run by Oxford Innovation, the UK’s leading operator of innovation centres with 26 managed facilities around the British Isles.

Strategically located near Cambridge and part of the South Cambridge Business and Technology Cluster, The EpiCentre is ideal for growing businesses. On-site a new café, Cool Beans, has just opened catering for the wider Haverhill public as well as the companies based in the building and nearby amenities include restaurants, a nursery, landscaped lake and jetty, retail stores, petrol station, ATM and car wash.

The EpiCentre provides over 60 office suites from 17 sq metres (172 sq ft) up to 78 sq metres (840 sq ft) including three flexible shared laboratory spaces with access to specialist equipment. These suites are available for pre-let immediately, and are supplemented by communal breakout spaces, meeting and conference rooms.

Earlier in the year it won an appeal for a 155 houses on the Haverhill Research Park site and is in the final throes of selling the site to a well known housing developer.

Managing director Nic Rumsey, says: “It has been a very satisfactory year for us but we are keen to secure more sites for development promotion and with our in-depth knowledge of the region we believe we are ideally placed to bring projects forward, secure planning consents and develop them out. We are happy to discuss flexible arrangements with landowners where they can share the development upside on a joint venture basis if they wish to maximise their receipts,” adds Rumsey.

Jaynic has had a presence in East Anglia for many years. It was responsible for developing Cambridge Research Park and Buckingway Business Park in Cambridge, the University of Essex Knowledge Gateway in Colchester and Haverhill Business Park.