Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has received planning permission from Surrey Heath Borough Council to re-develop a site within the Albany Park Industrial Estate into a 48,406 sq ft purpose-built and operationally carbon-neutral industrial and warehouse scheme.
The speculative development is underway and is expected to complete in May 2021. The project will see the transformation of a previous warehouse building, dating back to 1982, into three high-quality industrial and distribution units, each providing between c. 14,000 sq ft and 18,500 sq ft of space and with the flexibility to be combined up to 48,406 sq ft, depending on prospective tenant requirements. The facility has been designed to achieve a BREEAM Excellent rating and will benefit from a secure yard with generous parking, 10m clear internal height and modern air-conditioned office space on the first floor. In line with Orchard Street’s Responsible Investment Strategy, sustainability has been a key consideration, with the new facility offering electric vehicle charging points and onsite solar power generation, enabling all units to be carbon neutral in operation, with an EPC rating of A+.
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