HBD secures planning nod for UK logistics project

HBD, the property investment and development arm of Henry Boot, in partnership with St John’s College, Cambridge, has secured outline planning consent for the Freeport 36 industrial and logistics project. 

Goole - HBD

The initial phase is projected to have a Gross Development Value (GDV) of £130 mln (€150.7 mln).
The 510,000 m2 project will feature buildings ranging from 3,700 m2 to over 93,000 m2. The 121-hectare site is strategically located next to Junction 36 of the M62, providing easy access to Goole Docks and the M18. The Humber Ports complex is within a four-hour drive of about 80% of the UK population.
The site is part of the Humber Freeport Goole tax site, where businesses will benefit from various financial incentives. 
The next phase involves developing detailed development plans, with potential for on-site work to commence before the end of the year.
Tim Roberts, CEO at Henry Boot, commented: “The location and sustainability credentials of the development will attract high-quality, long-term occupiers in their own right, while the advantages of the scheme’s strategic positioning within a freeport tax site will act as a further draw.”
Suzie Wood, head of Investment Property at St John’s College, Cambridge, commented: “The approval of the planning application is an exciting step forward to delivering a state-of-the-art Industrial and Manufacturing Park within the Freeport tax zone.”
Finbarr Dowling, chair of Humber Freeport, added: “The locational advantages of Goole, along with its strong industrial cluster and Freeport incentives, offer end users a real competitive advantage. Industry leaders such as Siemens Mobility, Tesco Logistics and Guardian Glass are already located adjacent to the tax site and have benefitted from this strategic location.”