Marshgate Group announces the practical completion of Hyperion, a new 160,000 sq ft “mid box” scheme forward funded by CBRE Investment Management, located in Braintree, Essex.

The three detached units, ranging between 31,000 sq ft and 76,700 sq ft, have been constructed to a high specification and comply with sustainable environmental standards (EPC A and BREEAM “Very Good”), with a minimum 30% of the site’s energy requirements set to be from renewable sources. This includes photo voltaic roof panels, air source heat pumps, highly efficient thermal claddings, and low energy LED lighting.

David Warburton, Managing Director of Marshgate Group, commented: “We are delighted to have completed this “best in class” speculative development on behalf of a major pension fund. It is a unique “mid box” offering for the North Essex industrial market where there is a scarce supply of prime space. With the other recent developments completed for occupiers such as British Off Site (140,000 sq ft) and Careco (100,000 sq ft), the Horizon 120 Innovation & Business Park has now been transformed into one of the most strategic and significant industrial, R&D and logistics parks in the region.”

Hyperion is part of Horizon 120 Innovation & Business Park, a 67-acre scheme which will comprise light industrial, R&D and office space. Marshgate Group’s plans to deliver up to 750,000 sq ft of workspace, aimed at high-tech engineering and manufacturing, as well as logistics and retail distribution companies. The site also includes an Enterprise Centre, which was delivered by Braintree District Council.

There are only c.11.5 acres of developable land left within Phase 1 – which comprises 65 acres – at Horizon 120 Innovation & Business Park. Planning consent has been granted for units ranging 15,000 sq ft – 85,000 sq ft, which are available on a leasehold or freehold design and build basis.

Knight Frank and Coke Gearing Consulting are the joint letting agents.