Member Article

Stobart Group launches first phase of Eden Park investment

Stobart Group has launched the first phase of its logistics and business park, Eden Park, next to Crosby-on-Eden airfield in Carlisle, Cumbria, with development manager Roebuck.

The infrastructure and support services business has brought a 31-acre site to market capable of taking units between 50,000 to 330,000 sq ft on a freehold or leasehold basis, catering for all logistics, trade and production occupiers.

Separately, it is marketing an existing 52,635 sq ft (4,890 sq m) Grade-A logistics facility. Stobart Group acquired the 460-acre Crosby-on-Eden airfield in 2009 from Carlisle City Council, and plans to invest in the airport, to enable scheduled commercial flights to begin and to bring forward the remaining land for development.

So far this has included the construction of a 311,000 sq ft Grade-A logistics hub set on 19 acres. Stobart Group sold the hub to Gramercy Europe for £16.9m and leased it back for a 20-year term in February.

Roebuck Asset Management is advising Stobart, and BNP Paribas Real Estate and Edwin Thompson have been appointed as letting agents at the newly branded Eden Park.

Jonjo Lyles, national head of logistics agency and development at BNP Paribas Real Estate, said: “We are pleased to be promoting this landmark scheme on behalf of Stobart Group in a rapidly developing part of the North West.

“The group’s investment in Eden Park and the adjacent airport will have a transformational effect on the local economy, and will prove attractive to a wider range of potential occupiers.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →