McLaren to build £41m Essex industrial hub

McLaren Construction has signed a £41m deal to build a bumper industrial complex in Essex.

The contractor will develop the Centurion Park site for industrial developer Tungsten Properties, consisting of 10 buildings and covering more than 33,000 square metres of warehouse and associated space.

McLaren will also build a roundabout and access road to the site from the A120.

The project is set for completion in October this year, and has been designed to the BREEAM Excellent standard. It will also be net-zero carbon during the construction period, McLaren said, with the contractor targeting A+ ratings for the site’s Energy Performance Certificate (EPC).

McLaren managing director for industrial and logistics in the London and South regions David Gavin said: “We will be using our extensive industrial development experience and supply-chain relationships to construct this significant masterplan project.

“As our first appointment by Tungsten Properties, we look forward to demonstrating our agile approach, which will benefit Centurion Park’s delivery.”

McLaren said the industrial sector was one reason it outperformed its financial forecast for 2022/23. Chief executive Paul Heather also pointed to the firm’s “expertise” in sectors like industrial as a base for it to enter the life-sciences sector.

Despite the push for industrial projects over the past few years, the British Constructional Steelwork Association forecasted last month that demand for those projects is set to drop in the next two years.

But BCSA chief executive David Moore predicted that the popularity of online retail and the post-pandemic return-to-office trend will eventually stabilise demand for industrial sheds and office buildings.

Source link

About The Author

Scroll to Top