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Planning secured for 120,000 sq ft logistics facility in Stevenage

Image for Planning secured for 120,000 sq ft logistics facility in Stevenage

Fiera Real Estate (“Fiera”) and Wrenbridge are pleased to announce that they have secured planning for a new 120,000 sq ft logistics facility in Stevenage, bringing Wrenbridge’s total pipeline approved at planning this year to 700,000 sq ft.

The site has a GDV of £40m and was purchased in June 2024 on behalf of the Fiera Real Estate Logistics Development Fund (“FRELD”), which has further funds to deploy into similar small and mid-box urban UK logistics sites.

This latest planning consent is part of an A-class roster of approvals in 2024, which include 155,000 sq ft in Heathrow (Air-Heathrow) and 84,000 sq ft in Hayes (Boxyard, Hayes).

AIM, Stevenage is a 5-acre site located on the well-established Pin Green Industrial Estate on Wedgwood Way in Stevenage. The site is strategically positioned east of the A1 moments from junctions 7 and 8, with a key employment area within close proximity. This prime location will draw occupiers exiting London as well as local businesses looking to upgrade their operations.

Targeting EPC A+, sustainable elements will be implemented throughout, including green roof cycle shelters, a fully airtight structure, and 100% roof cover capability photovoltaic roof panels, the energy generated by which will be passed directly back to the tenant. The scheme will benefit from 12.5m eaves, a 45m yard, a 20% biodiversity net gain on site,1.25MVA of power reserved, showers and a double height atrium reception.

Stevenage is currently undergoing a major 20-year £1billion regeneration overhaul, which is designed to transform the area for residents.

Will Jarman, Associate Director at Wrenbridge and Development Manager for AIM, Stevenage comments: “We are delighted to have secured planning approval to bring much needed employment space to the area. We are targeting PC in Q4 2025. This will be a fantastic facility, located minutes from the A1(M), for a local business to grow into or provide a new home for occupiers seeking best space with excellent travel times north and south.”