Stoford chooses Glencar to build new industrial/warehouse development at Exeter Logistics Park in East Devon

December 4th, 2023

Glencar has today confirmed that it has been appointed for the first time by leading commercial property developer Stoford to construct a new 42,500 sq ft industrial/warehouse development at their Exeter Logistics Park development in East Devon.

Situated on a 3.30 acre plot, the development known as DC9 is being built on behalf of an end-user occupier and will reflect the scheme’s already extensive sustainability features.

The development will target BREEAM ‘very good’ and an EPC ‘A’ rating, as well as net zero carbon in construction. Features will include water and daylight saving controls, PV panels, electric vehicle charging provision and a sustainable urban drainage system, while occupiers will also benefit from onsite trim trail and outdoor gym areas, including bodyweight exercise equipment.

The works will also include base build with provision for warehouse space, office space, car parking and external landscaping including attenuation ponds. Glencar will also be providing full M&E including an upgraded power supply for the tenants future use.

Construction started in October and will take 30 weeks to develop with the buildings expected to be ready for occupation by May 2024.

Commenting on the appointment, Glencar CEO Eddie McGillycuddy said: “We are absolutely delighted to be working for the first time for Stoford whose track record in the I&L space over the course of the past few years has been exemplary and at the forefront of the sector.

They have brought forward some of the UK’s most high profile logistics and distribution schemes at sites right across the UK and Glencar are very pleased to now be part of that and we look forward to delivering on this scheme.

Exeter Logistics Park is a first class development with an impeccable set of ESG credentials which look forward to building on top off and delivering a great end product”.

Also commenting Edward Peel, Stoford Director said: “Exeter Logistics Park continues to attract high-calibre occupiers and we are excited to be on site with Glencar for the first time on this new development. This is a well designed building, offering a combination of high-quality internal and external spaces in an easily accessible location that is perfect for distribution.

We have outline planning consent in place and the on-site infrastructure to immediately deliver new, high-quality accommodation that is flexible to meet individual needs.”

At Exeter Logistics Park Stoford has to date completed construction of four new developments, including a 90,000 sq ft distribution unit and a 415-space EV charging park for Amazon and DHL’s new 55,000 sq ft parcel distribution service centre.

More recently, adhesive manufacturer Forgeway signed a 15-year lease on a 28,500 sq ft building that was speculatively developed by Stoford and Urban Logistics REIT.

Exeter Logistics Park is sited two miles from Jct 29 of the M5 and a mile from the A30, near Exeter Airport, with Exeter city centre lying just six miles to the west of the site.