Investment Manager, Padrock, have been granted planning consent for the speculative development of a new urban logistics scheme in Hertford.

Hertford Logistics Hub will deliver c.170,000 sq ft of new Grade A industrial/ logistics units across nine units on the 9 acre site at the former Hertford Industrial Estate. The new buildings will range from 6,600 - 120,000 sq ft and can be combined to suit occupier demand.

Padrock will target BREEAM ‘Excellent’ and an EPC ‘A’ which is expected to be available for occupation from Q1 2024.

Development is already underway for three units which are being substantially refurbished to EPC B and will provide 6,500 – 9,100 sq ft from June 2023. A further four units will be refurbished during Q3/4 2023 providing units of 5,800 – 8,900 sq ft.

Hertford Logistics Hub  is strategically positioned next to the A414 and A10 providing easy access into London or the national Motorway network via the A1(M) or M11.

Mark Symonds, Partner at Padrock, said: “When we acquired this site we knew this acquisition would present a rare opportunity to regenerate a tired and outdated industrial estate and develop a strategically located, high quality last-mile logistics scheme which would address the lack of industrial stock in this location and satisfy local and national occupier demand for sustainable and energy efficient units. It’s great to know that we have the backing of the local community.” 

For more information, please contact the scheme’s retained agents, Paul Wallace and M1 Agency or visit www.padrockhertford.co.uk.