MCR Property Strengthen Industrial Portfolio with £15M Colchester Business Park Development
MCR Property Group has commenced construction at Systematic Business Park, a new state-of-the-art industrial site containing 30 high-specification units, set across 5.47 acres.
The strategically positioned £15 million development is situated on Old Ipswich Road in Colchester, just off Junction 29 of the bustling A12, providing unparalleled access to local transport routes. The units range in size from 1,700 – 4,867 sq ft (larger combined units up to 28,934 sq ft available), providing the capacity and flexibility for individual businesses to adapt the space in line with their own unique requirements.
Harry Ladds, Asset Manager at MCR Property Group commented: “Systematic Business Park offers a new proposition for businesses in Colchester in terms of central location, quality, versatility and scale. Demand for prime industrial space such as this across Essex continues to escalate through thriving sectors such as freight, logistics and manufacturing.”
Harry continued: “The development is great news for the local economy, providing scope for businesses to evolve and grow, with the opportunity to expand operations within the site if required. Systematic will undoubtedly encourage businesses to remain in the area, further supporting job creation and long-term employment retention.”
Sam Henderson, Head of Transactions (South) added: “The acquisition of the site and subsequent development is very much in line with the Group’s long-term strategy that focuses predominantly on the industrial sector with a UK-wide remit. Systematic sits perfectly within our portfolio and the Group will retain and manage the park internally.”
Heads of Terms are being agreed on two of the units off-plan at this early stage of development.
Construction is now underway with completion set for Q3, 2024.
For more information and to secure your space at Systematic Business Park, please contact our dedicated agents, Michael Moody, Fenn Wright and Tim Collins, Kemsley LLP.