Boundary Real Estate has secured outline planning consent from Charnwood Borough Council for phase two of Watermead Business Park.
The developer will provide 656,620 sq ft of warehouse/industrial space on the 77-acre park.
The site, which is part of the Raynsway portfolio acquired by Boundary in 2022, is located three miles north of Leicester city centre. It is anticipated the development will provide up to 918 permanent and 447 temporary jobs as well as protecting and extending the area’s networks of green spaces.
Mike Morrison, founding partner of Boundary, said: “The new development will aim to set best-in-class embodied carbon targets for all the buildings being developed. By focusing on construction methods, we can target Watermead as a net zero carbon development from a construction standpoint and ultimately in use too.”
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