NEW STRATEGIC TRADE AND LOGISTICS PARK DEVELOPMENT FOR NORWICH

Northwood Urban Logistics is delighted to be working with joint agents JLL and Bidwells to promote Diamond Point, in Norwich, a new development of 17 eco-friendly industrial / warehouse / trade counter units, available on a leasehold basis. Ranging from 3,047 to 52,902 square feet in size, the units will be completed in October 2021.
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Diamond Point – on Diamond Road, off Vulcan Road – forms part of the northern industrial estates, which is one of the most popular locations in Norwich for warehousing, distribution, manufacturing and employment.

The site’s strategic location means that it is within easy access of the A11, A1270 Northern Distributor Road, A47, A14 and Junction 9 of the M11. It is ideally connected to rail, port and airport infrastructure, being just 4 miles to Norwich rail station, 0.9 miles to Norwich International Airport and 61 miles to the UK’s busiest trading port, at Felixstowe, as well as just 0.4 miles to the A1042 Outer Ring Road and 2.5 miles to Norwich city centre.

Nick Turner, Executive Director, Asset Management at Northwood Investors, said:

“Diamond Point will service the increasing demand for top-quality, flexible units in this part of the region, which are in short supply. Within easy reach of major road, rail, port and airport infrastructure, Diamond Point offers excellent connectivity, along with highly competitive rates, and will be especially attractive to those looking to relocate or grow their business within a modern, secure trade park.

“Diamond Point will also generate a range of commercial and employment opportunities, providing a significant boost for the region’s economy.”

Diamond Point employs the latest environmentally-friendly technologies to reduce the costs of occupation, ensuring a minimum 10.83% decrease in CO2 emissions over 2010 Buildings Regulations. ‘Green’ initiatives include: low air permeability design; electric vehicle charging points; photovoltaic panels on Units 16 and 17; 15% warehouse roof lights, increasing natural lighting; high-performance insulated cladding and roof materials; and secure cycle parking.    

Andy Harding, Lead Director – Industrial & Logistics at JLL, said: 

“We are delighted to be retained on the letting of this exciting new scheme. Diamond Point, upon its completion, will doubtless be the premier industrial destination in Norwich. With a range of unit sizes to cater to a plethora of requirements and occupiers, the scheme is sure to attract a good mix of tenants seeking to take modern, impeccably-built, and environmentally-friendly space.

“The logistical strength of the site in terms of access to numerous key road networks also gives the scheme strong prospects to let well, even before practical completion.”

The 17 flexible industrial / warehouse units will all be finished to a shell specification, so that occupiers can undertake their own fit-out to suit their specific occupational needs.   

Will Jones, letting agent and Head of Commercial at Bidwells’ Norwich office, says:

“This is the first large-scale speculative development scheme in Norwich for many years and, not unsurprisingly, we already have very encouraging levels of initial interest.

“2020 was a record-breaking year for the industrial / warehouse market in Norwich, with the supply of available units falling rapidly. Diamond Point will help to replenish this supply and provide local companies with the added choice of occupying modern, flexible, high-quality units”.

Photo caption: Northwood Urban Logistics eco-friendly industrial / warehouse units at new Norwich development, Diamond Point, [CREDIT: NORTHWOOD URBAN LOGISTICS]   

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