Construction of over 100,000 sq ft of further industrial premises and employee facilities at Silverstone Park has commenced.
The industrial development named ‘Evolve’ will include more than 95,000 sq ft of industrial units and office space on a six-acre plot of land adjacent to both the Park’s Innovation Centre and the entrance to the neighbouring Silverstone Grand Prix Circuit.
Nine properties, all hybrid style and ranging from 7,549 to 24,638 sq ft in size, will be built as part of the development which will also feature a stylish reception area, contemporary offices, double-height workshop space and loading doors.
Demand for the space has seen several pre-lets already in talks, with performance automotive parts specialist ‘AliTech Precision’ finalising its contracts just as spades were going in the ground.
Darren Cudd, Managing Director, AliTech, said: “We are excited to join Silverstone Park’s growing campus.
“As a hub of innovation and engineering in the UK, located adjacent to the world famous circuit, we believe this is the perfect place for AliTech to further our businesses growth and we look forward to working alongside the other global leaders already based here.”
The new phase of development will also see the arrival of a new café, children’s nursery, and state-of-the-art gym.
Chris Kimber-Nickelson, Commercial Director, Silverstone Park, said: “We are excited to get this latest development off the ground.
“It will provide businesses with another high quality, contemporary working environment and smart flexible space ready for a bespoke fit-out. We are certain that the prime location – right next to the Silverstone Circuit – will also provide a buzz for businesses and their employees.”
Chris added: “The campus here at Silverstone Park continues to evolve to the needs of business occupiers and this latest phase of development is an opportunity to deliver a café, nursery, and gym, which we hope will enhance work-life balance for new and existing staff.
“This is in addition to the numerous break-out areas and green spaces, plus pathways and cycle routes that have already been created as part of the larger development of the Silverstone Park site.”
Silverstone Park is now home to more than 90 businesses employing close to 1,600 people.
Many of those businesses specialise in advanced engineering and manufacturing, and operate in areas such as aerospace, agritech, automotive, defence, energy, marine, medical equipment, motorsport (including F1), nuclear and space.
