Marshgate Group has secured a debut tenant for 100,000 sq ft at Horizon 120, a major industrial development in Braintree, Essex, and appointed Knight Frank and Coke Gearing as its joint leasing agents.
Horizon 120 is a 67-acre scheme which will comprise light industrial, R&D and office space.
It proposes up to 750,000 sq ft of workspace, aimed at high-tech engineering and manufacturing, as well as logistics and retail distribution companies. The plans also include an Enterprise Centre, which will be delivered by Braintree Council following a bid for £7m grant funding.
The first occupier transaction has been agreed at Horizon 120, with Care Co, an independent distributor of care mobility products, committing to the development of an 100,000 sq ft unit. The business will relocate from premises in Brentwood, Essex, upon completion of the unit in Q4 2021.
Infrastructure works are underway and will be completed in March 2021 with bespoke units, ranging from 4,000 sq ft to 150,000 sq ft, available on a freehold or leasehold design and build basis, for occupation from late 2021.
Horizon 120 is located just off the A120 in Braintree, Essex between the regional growth centres of Chelmsford and Colchester.
Paul Mussi, Partner at Knight Frank, said: “Horizon 120 is a unique proposition in providing the opportunity to deliver modern, high-tech R&D and distribution space at scale, in central Essex close to Stansted airport.
“The infrastructure works are well-advanced and with a Local Development Order in place we are able to deliver bespoke units very quickly, which can be modern office, light industrial, R&D, logistics or a blend of these uses.
“Following on from the development of the new headquarters for Care Co we anticipate strong demand for the remaining plots.”
David Warburton, Managing Director, Marshgate Group, said: “This is a pioneering scheme which will deliver a mix of high-tech R&D, logistics and modern office space in central Essex, close to Stansted airport. We look forward to working with our partners Braintree Council, Knight Frank and Coke Gearing to deliver state-of-the-art accommodation for a diverse mix of businesses.”