Developer Jaynic allots 279-acre plot of land for new business park
A developer has agreed a land promotion agreement on a 279-acre of land next to the A11 in Barton Mills which could see it used as a business park.
Jaynic, which has an office in Bury St Edmunds, has entered into the agreement on land located on the 'Cambridge-Norwich A11 Tech Corridor', which could offer 'the potential for future commercial development'.
A land promotion agreement is where a developer or land promoter agrees to apply for planning permission for a development on a landowner's property and market the property for sale on the open market once planning permission has been obtained.
The 279-acre site Jaynic has agreed on would provide a safe new entrance to Barton Mills via a new junction on the A11, incorporating the A11-Newmarket Road crossroads at Herringswell Road and closing the A11 access from Newmarket Road at Tuddenham Road, both of which have poor highway safety records.
Pedestrian/cycleway connectivity would also be improved and sustainable links created via new and existing routes.
Andrew Anderson, director at Jaynic and responsible for the proposal, said: “We hope to achieve a local plan allocation in due course for a significant new business park along this strategic corridor, together with key highway safety improvements, both of which will provide local and district-wide benefits.
He added: “The site has not been allocated in the draft local plan but was identified in a recent evidence-based document as a potential opportunity to grow the district’s existing commercial sites."
Jaynic will be working with West Suffolk Council and businesses and communities surrounding the new site moving forward.
Should the project go ahead, it would also provide 'wider ecological benefits', a Jaynic spokesperson added.
Jaynic is an established property company focusing on land promotion and business space development in the south and east of England.
At Suffolk Park, Bury St Edmunds, it has developed 1.3m sq ft of warehouse and business space to date and has another 283,000 sq ft under construction.
Also, Jaynic is appointed by Mid-Suffolk Council on its Gateway 14 site at Stowmarket to manage the development of up to 2.36m sq ft of business, logistics and innovation development.
Property agents Hazells and Bidwells will be working with Jaynic to promote the site to occupiers and the Council alike.