IT is the start of a new year and I expect we shall see various articles commenting on what a great year 2015 was and how we must continue this success into 2016. One thing which certainly will remain static year on year is Northamptonshire having an unrivalled central strategic location in the country with national infrastructure connections, communications and networks.
IT is the start of a new year and I expect we shall see various articles commenting on what a great year 2015 was and how we must continue this success into 2016. One thing which certainly will remain static year on year is Northamptonshire having an unrivalled central strategic location in the country with national infrastructure connections, communications and networks. This area is often referred to as the Golden Triangle and for good reason.
There has been continued success of local and regional start-up businesses throughout the logistics, distribution and motorsport sectors in 2015, and we are confident of 2016 being no exception to this trend. The Golden Triangle is home to the Silverstone Circuit which now has a diverse range of motorsport-related businesses that go well beyond Formula 1.
Since MEPC purchased a 999-year lease of the existing Silverstone Industrial Estate and the development land around the outside of the circuit in late 2013, there has been an influx of high-performance technological businesses relocating to the area. Eight of the 11 Formula 1 constructor teams are situated at Silverstone Park and 3,500 companies associated with motor racing are based in the region. This activity at the circuit has led to increased demand for commercial property in the immediate area and throughout the Golden Triangle.
Throughout 2015 South Northamptonshire Council also saw a significant number of residential and commercial planning applications for schemes in Towcester, Brackley and around the Silverstone Circuit which were granted. These schemes should go some way to satisfying commercial property demand and provide necessary accommodation for some of the 40,000 people employed in the motorsport industry. However, it is evident that more development is required particularly in the commercial property sector. With such limited supply of stock there are opportunities for developers and investors to satisfy this demand throughout the Golden Triangle.
During 2015, Berrys have secured a number of new clients seeking to acquire leasehold or freehold premises in the region and also clients disposing of assets which have typically received a lot of interest. We expect this to increase into 2016 and we will continue to work hard to ensure our clients’ needs are met and even surpassed. Berrys’ Towcester Office is situated at the heart of the Golden Triangle at the junction of the A43 and A5, only a stone’s throw from Silverstone Circuit. At Berrys, we have an unparalleled team of experts who specialise in all aspects of commercial property.
For further advice or if you wish to register a requirement or discuss your property needs, contact Duncan Batty on 01327 356140.