Tuesday 09th August 2022
Home General Business News Retail group becomes first business to commit to Freeport East

Retail group becomes first business to commit to Freeport East

E-mail Print PDF

A major retailer, The Range, has become the first business to commit to taking space on the new Freeport East Gateway 14 site, near Stowmarket. The home, garden and leisure products retailer is to occupy a logistics/distribution unit covering nearly 1.2 million sq. ft. Conditional contracts have been exchanged to develop the unit on a freehold turnkey basis with Jaynic, the development partner for Gateway 14, which is owned by Freeport East partner Mid Suffolk District Council. George Kieffer, acting chairman of Freeport East, said: “…Freeport East is focused upon value-added logistics, advanced manufacturing and the clean energy sectors and we are delighted to welcome The Range as the first of what will be many businesses to commit to the Freeport.”

The Range has over 200 retail stores nationwide and the Freeport East Gateway 14 will be the third in its distribution network to service the South/South East. Alex Simpkin, CEO at The Range, said: “This acquisition represents a £200m investment and is integral to our expansion plans. We were naturally attracted to the site due to its commitment to sustainability and proximity to the East coast container port of Felixstowe. The Freeport benefits that Gateway 14 provides allows us to evolve our ecommerce division nationwide and accelerate store growth."

Ben Oughton, development director of Jaynic, said: “Securing such a significant first occupier, only months after we started building the infrastructure at Gateway 14, demonstrates how important a location the A14 corridor has become, and is borne out by the huge interest there is in Gateway 14, with its Freeport benefits and proximity to Felixstowe.” Gateway 14 is one of three sites in Freeport East which benefit from various tax and customs benefits. It has outline planning consent for a 2.36m sq. ft. mixed-use innovation, business and warehousing scheme.

See Profile Jaynic

Last Updated ( Tuesday, 05 July 2022 08:18 )