Pigeon Investment Management has acquired, from STX, 3.5 acres of prime development land directly off the A10 at Theobalds Business Park, Cheshunt.
The land is located approximately one mile from the M25 / A10 interchange and already benefits from outline planning permission for B2/B8 use. A reserved matters planning application for a unit of approximately 50,000 sq. ft is being prepared and construction is due to commence in early 2023.
Hugh French, Associate Director at Pigeon, said: “We are delighted to secure this site so close to the M25 / A10 interchange and add to our growing development pipeline. The site is surrounded by a number of exciting uses including Broxbourne Council’s new Business and Technology Centre, a new 665,000 sq.ft data centre, and the proposed Sunset Waltham Cross Studios. This will provide much-needed logistics space to the Greater London area and offers the opportunity for uses such as last mile or businesses associated with the film industry.”
M1 Agency and Paul Wallace Commercial have been instructed as joint letting agents for the scheme.