• Business park
  • Industrial
  • Business park
  • Business park
  • Business park

Project case studies
Industrial

1

Fläkt Woods, Cuckoo Farm - Colchester

Kenny Jamieson
Associate Director, Invista Real Estate Investment Management
on behalf of Clerical & Medical

PartnersColchester Borough Council and Fläkt Woods Limited
Size175,000 sq ft
OccupiersFläkt Woods Limited
StatusCompleted

We believe imagination is the key to innovation and we applied both to the complex problem encountered by Fläkt Woods - one of Colchester's major manufacturing employers.

Fläkt Woods faced having to relocate from Colchester since there was no public money available to create a new link road into the town's only new allocation of industrial land, owned by the Borough Council. Churchmanor, Colchester Borough Council and Fläkt Woods entered into a tripartite agreement to ensure Fläkt Woods stayed in the town.

Working with Fläkt Woods and their venture capital parent company, we assumed responsibility for financing the new East/West Relief Road needed to access the proposed 13-acre industrial site. An improved residential planning consent was negotiated for Fläkt Woods' existing 40-acre freehold site. The enhanced planning value was transferred to meet a proportion of the new site's infrastructure cost.

Close collaboration between all partners enabled Colchester Borough Council and Fläkt Woods to achieve their individual ambitions.