Tuesday 01st December 2020
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Jaynic

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The last 12 months have seen Jaynic become a major property development force in Suffolk with success in the form of sales, construction completions and new land promotion appointments making it an A14 corridor developer to be reckoned with, and there is more to come.

Managing Director, Nic Rumsey, says: “The Port of Felixstowe is becoming an ever more important link with the Continent that will only intensify following our departure from the EU and so those fortunate enough to control land along the A14 stand to benefit. We have been fortunate to secure two key sites on the A14 and more nearby, that has enabled us to push forward with development plans to meet the pent-up demand from occupiers,” he adds.

At Suffolk Park in Bury St Edmunds, Jaynic, acting as development manager, is completing the 112,000 sq ft first phase of a new global headquarters for Treatt plc, the leading manufacturer and supplier of flavour, fragrance and beverage ingredients. And within the next few weeks it will be announcing the sale of a substantial part of the site to a major international logistics group for a massive logistics hub.

Earlier in the year Jaynic and PGIM successfully sold the SP206 warehouse at Suffolk Park, to consumer goods importer M H Star completing the disposal of the first phase of warehouses.

On completion of the deal Ben Oughton, development director at Jaynic, reiterated the importance of Suffolk Park’s location: “M H Star imports many of its goods through Felixstowe and this deal further underpins the park’s prime location adjacent to the A14, just a mile from Junction 45, giving M H Star great links into the national motorway network.”

Jaynic’s East Anglian prominence was bolstered in April this year with the appointment as development promoter by Gateway 14 Ltd, a wholly owned subsidiary of Mid Suffolk District Council, for a major new development, adjacent to junction 50 on the A14 at Stowmarket.  The development will provide up to 2.3 million sq ft of business, logistics and commercial accommodation over the next 10-15 years, with the first buildings being available in 2021/2.

The masterplan layout is still being developed, however the site could accommodate logistics buildings of up to 1,000,000 sq ft, with roadside uses and headquarters office/R&D campus style buildings. A planning application will be submitted by the end of 2020, to enable a phased development on the 156-acre site.

At Stanton on the A143 Bury St Edmunds to Diss road Jaynic and Property Recycling Group plc’s masterplan for the former RAF airfield at Shepherd’s Grove has been formally adopted by West Suffolk Council. Development proposals include up to 1.75m sq ft of industrial and warehousing space and up to 380 homes

The adoption follows a public consultation exhibition earlier in 2019. The masterplan has now become supplementary planning guidance to the local plan and a planning application for the scheme is likely to be submitted shortly.

Finally at Haverhill Research Park, Jaynic’s EpiCentre innovation building will be completed at the beginning of November. The EpiCentre is run by Oxford Innovation, the UK’s leading operator of innovation centres with 26 managed facilities around the British Isles and it recently signed up software development company Snowing Data as the first company to locate into the building.

Strategically located near Cambridge and part of the South Cambridge Business and Technology Cluster, The EpiCentre is ideal for growing businesses. On-site and nearby amenities include restaurants, a nursery, landscaped lake and jetty, retail stores, petrol station, ATM and car wash.

On completion, The EpiCentre will have over 60 office suites available from 17sqm (172 sqft) up to 78sqm (840sqft) 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, a café and meeting and conference rooms.

“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, “ adds Rumsey. We are happy to discuss flexible arrangements with landowners where they can share the development upside on a joint venture basis if necessary.”

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.