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Round 1 and 2 extensions to power 1.4 million homes: more...

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Fact:

  • At the end of 2009 we added to our retail park portfolio with the acquisition of 50 per cent stake in the Princesshay Shopping Centre in Exeter, for close to £100 million

Fact:

  • A further purchase followed in 2010 with the acquisition of Westgate shopping centre in Oxford for circa £56 million, as we continue to actively manage our diversification portfolio

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Indicative image of Enterprise Park

 

Press release

UNIQUE ENTERPRISE PARK TO GO AHEAD IN THETFORD

19 January 2010

A £7.6 million infrastructure project launching the Thetford Enterprise Park has been given the go ahead today following an extraordinary meeting of Breckland Council. A collaboration between The Crown Estate, EEDA and Breckland will deliver the eighteen hectare (44 acre) serviced park which is expected to create and safeguard 1,000 jobs. EEDA funding of £1.5m has been secured with the balance of the investment being shared by The Crown Estate and Breckland Council.

Nick Harper, Head of Asset Management and Development at The Crown Estate said: “This positive decision heralds an exciting future for Thetford, and for Norfolk. We are delighted to be working in partnership with Breckland Council and are keen to press ahead securing jobs and delivering a high standard business park for new business opportunities on our land.”

William Nunn, Leader of Breckland Council said: “I am delighted that after many years of background work, Thetford people will see this exciting new business park taking shape. This project will work perfectly in tandem with the growth and improvements that Thetford will see in future years. It will offer high quality, local employment for existing and new residents. Perhaps most importantly it will firmly place Thetford as the gateway to Norfolk which is something we can promote nationally.”

Mark Stanton, Head of Economic Development at Breckland Council commented: “The park is the first of its kind to be launched in Norfolk for many years and the first of this scale in Thetford for 20 years. This will be a high quality development which will attract a wide range of employment such as offices, hospitality, and innovative engineering, research and development.

We will be able to market this as a unique proposition to businesses as a thriving and expanding economic hub perfectly located in a growing area, with excellent new transport links and prices which are very competitive relative to comparable alternatives. We will encourage businesses to design appropriate sustainable, innovative, low carbon buildings that will create an iconic business park.”

The new access roads, utilities and infrastructure are expected to be in place by the spring of 2012 which will allow the new businesses to take full advantage of the expected completion of the A11 improvements in 2013.

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