Boundary Real Estate has secured outline planning consent from Charnwood Borough Council for Phase 2 of Watermead Business Park.
The development of up to 656,620 sq ft of warehouse/industrial space is to provide a gateway location into Leicester and inject capital into the region, providing substantial employment and economic growth.
It is anticipated that up to 918 permanent and 447 temporary jobs will be provided through the development of employment space.
The 76.77 acre site, part of the Raynsway portfolio, acquired by Boundary in 2022, is located between the towns of Thurmaston, Wanlip, Birstall and Syston, approximately three miles north of Leicester City Centre.
Mike Morrison, founding partner of Boundary, says: “At Boundary we strive to regenerate and reposition our investments to create sustainable space/accommodation for our tenants to thrive within.
“We have been working extremely closely with Charnwood Borough Council, Leicester City Council, The Mayor and various regeneration groups, along with our design and planning team, to develop a regeneration that not only provides jobs and growth for the region, but is also is an exemplar in environmental terms.”
The new development will target a BREEAM Excellent rating. A full Life Cycle Assessment will be undertaken, ensuring that the design, construction and operation of the buildings meet the highest environmental standards. Importantly for best-in-class operators/tenants, the buildings will also target EPC A ratings.
Mike adds: “The new development will aim to set best-in-class embodied carbon targets for all the buildings being developed. By focussing on construction methods, we can target Watermead as a Net Zero Carbon development from a construction standpoint and ultimately in use too.”
EV Charging points will be installed, along with electric bikes. As part of the scheme’s Travel Plan, further measures and incentives will be put in place to encourage sustainable travel modes to the site.
