Weerts Group has purchased an industrial land plot of 171,600 sqm for the development of a logistics building of 80,000 sqm in Bury St Edmund.
The new site was chosen due to its location, which enables the development and implementation of logistics activities along the A14 motorway, the only motorway to Felixstowe, where England’s main container port is located.
Bury St Edmunds is a new logistics park, situated near Cambridge and 38 miles away from the Felixstowe container port.
The Belgian holdings group secured financing from Blackstone Real Estate Debt Strategies and is working alongside Jaynic.
Pascal Weerts, the group’s CEO, said: “Weerts Group stands for a proactive, customer-oriented approach: we look for the best solutions for our customers to meet the challenges they face.
“Thanks to our entrepreneurial spirit, our flexibility and our extensive network, Weerts Group is the ideal partner to enable an expansion in the UK.”
Ben Oughton, development director of Jaynic, said: “This is a very significant deal for Suffolk Park, Suffolk and East Anglia.
“This transaction with Weerts Group comes swiftly on the heels of the sale of our SP206 unit to Chinese consumer goods importer M H Star and re-affirms the rapidly increasing popularity of the A14 as a logistics location.”