5.7.2022 | WarehousingJaynic Secures The Range For First Unit At Gateway 14, Stowmarket, Suffolk
£200m investment for Retail Giant.
Home, garden and leisure products retailer The Range is to occupy a high-quality, sustainable logistics unit of 1.17m sq. ft on the Gateway 14 scheme at Junction 50 of the A14 in Stowmarket, Suffolk.
Gateway 14 Ltd, wholly owned by Mid Suffolk District Council, has exchanged conditional contracts to develop the distribution unit with its development partner Jaynic on a freehold turnkey basis.
The Range is one of the fastest-growing retailers in the UK. It has over 200 retail stores nationwide and more than 65,000 products across 16 different departments, from Homeware and Furniture to DIY and Art Supplies. A further 100+ retail stores are planned in the coming five years, in addition to its growing online presence. The Range already has two existing major distribution centres in the UK. The new site will help meet consumer demand in the South and South East of the country while supporting operations across the UK.
A reserved matters application will be submitted in July, with a proposed start on site in January 2023 and practical completion in the Autumn of 2023. Gateway 14 already has outline planning consent for a 2.36m sq ft mixed-use innovation, business and warehousing scheme, and construction of the site infrastructure is already well underway.
It will make a major contribution to the local and regional economy, creating an estimated 1,650 new jobs in the area.
“Alex Simpkin, CEO at The Range, said:
“This acquisition represents a £200m investment and is integral to our expansion plans. We were naturally attracted to the site due to its commitment to sustainability and proximity to the East coast container port of Felixstowe. The Freeport benefits that Gateway 14 provides allow us to evolve our e-commerce division nationwide and accelerate store growth.”
Sir Christopher Haworth, chair, Gateway 14 Ltd, commented:
“Welcoming The Range to Gateway 14 is a significant step forward for the site and demonstrates its important position in Suffolk and the wider Eastern region. Gateway 14 has huge potential not only for nationally important brands like The Range but also to support local and small businesses.”
Cllr Suzie Morley, leader, Mid Suffolk District Council, said:
“Working in partnership with renowned home and leisure retailer, The Range, will provide a huge boost to Gateway 14 and create a considerable number of jobs for local people. As the development continues, I look forward to welcoming more businesses to the site.”
Ben Oughton, Development Director of Jaynic, said:
“Securing such a significant first occupier, only months after we started building the infrastructure at Gateway 14, demonstrates how important a location the A14 corridor has become and is borne out by the huge interest there is in Gateway 14, with its Freeport benefits and proximity to Felixstowe.”
Gateway 14 is part of the new low tax, low regulation zone of Freeport East. The government’s Freeports initiative allows firms to import goods and re-export them outside normal tax and customs rules.
Businesses located at Gateway 14 will benefit from being part of Freeport East, one of only eight Freeports in the UK.
The Freeport status will provide many businesses on Gateway 14 with a range of benefits, including a suite of tax reliefs and simplified customs arrangements.
George Kieffer, Acting Chairman of Freeport East:
“The unique location of Freeport East, close to some of the world’s major international shipping routes, provides a range of benefits to businesses which locate here. Freeport East is focused on value-added logistics, advanced manufacturing and clean energy sectors, and we are delighted to welcome The Range as the first of many businesses to commit to the Freeport.”
Overall, the landmark development will provide high-specification buildings with sustainability as a central feature, including EV charging, LED lighting, solar PV, smart energy systems and rainwater harvesting. The development is committed to meeting the BREEAM rating of Very Good standard and strive for Excellent wherever possible. This new distribution facility will be designed to achieve BREEAM excellence.
Accessibility through and around the development is a key feature, with significant walking and cycling routes being integrated along with access to public transport links and local amenities.
Biodiversity on the site is also a priority, with high-quality landscaping, green corridors and nesting boxes all being introduced across the site to support not only the wildlife and ecology but also to create a vibrant, attractive, and healthy working environment for employees.