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London Development Agency signs up Tesco; over 900 jobs to be created in a new ca. 500,000 sq ft regional distribution and processing facility

The transaction confirms Beam Reach position as the premier East London regeneration and investment location for business and jobs.

The London Development Agency (LDA) is pleased to announce that it has exchanged contracts to sell the freehold of 35.2 acres at Beam Reach 5, Rainham, Essex, to leading international retailer Tesco, who, subject to planning consent will develop ca. 500,000sq ft of new regional distribution facilities in two main buildings.

The development by Spen Hill, the development arm of Tesco will start as soon as planning permission has been obtained; a planning application was submitted to the London Borough of Havering on 30th July 2010.

London Development Agency Head of Development Steven Kidd said:

“The LDA’s vision for Beam Reach is to give companies the benefit of a revitalised gateway to East London. This transaction with Tesco will create jobs and add to our plans for modern manufacturing, commerce, housing, education and employment.”

The LDA has agreed options for Tesco to purchase additional land at the 84 acre Beam Reach 5 site to enable further expansion of their support facilities and more local jobs.

Beam Reach 5 is situated directly alongside the A13 at the Marsh Way interchange and following the completion of the Tesco transaction a further 20 acres of land will remain available.  This land is in flexible plot sizes and is offered on a long leasehold/virtual freehold basis and can be adapted to occupier requirements, primarily for manufacturing use.

In addition to Beam Reach 5, the LDA has two other developments sites in the area.  Beam Reach 8 where there are a number of occupier opportunities across 11 acres and Beam Reach 6, a 17 acre developer opportunity.

For further information of the land opportunities available at Beam Reach go to: www.beamreach.co.uk

CB Richard Ellis, Kemsley, and North Rae Sanders advised the LDA; Lambert Smith Hampton advised Tesco.

For further information please contact:
Terry Druce, Druce PR Tel: 01935 823 943 Email: terry@drucepr.com

Two New Development Deals Totalling 60,000 sq ft Announced - More jobs to be created at LDA success story

The London Development Agency (LDA) has completed two new land deals at Beam Reach 8 - adding to the continued regeneration of Rainham.

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The separate deals will see the construction of two new buildings, totalling 60,000 sq ft. The buildings will be developed by the LDA’s development partner, Easter Group. The agreements are with Wincanton Data Records Management and MJF Data Management.

Wincanton Data Records Management has acquired a further 1.17 acres from the LDA to facilitate a 30,000 sq ft new extension to its current building at Beam Reach 8. Construction of the second phase has started on site with handover due this summer. The completed building will total 120,000 sq ft with potential for further expansion up to 150,000 sq. ft.

MJF Data Management, a leading UK data storage company has acquired from the LDA some 1.45 acres to accommodate a new 30,000 sq ft facility. Easter Group expects to start on site at the end of March and be ready for MJF occupation later this year.

Steven Kidd, London Development Agency Head of Development says:
“The London Development Agency is using its land in Rainham to attract new and growing businesses and promote the area’s regeneration. The arrival of MJF and the expansion of the Wincanton facility show that Beam Reach is an outstanding success story in bringing hundreds of jobs to the area”.

At Beam Reach 8, Easter Group has developed nearly 250,000 sq ft on 11 acres, housing 14 businesses across a range of industries in 23 units.

With these two latest transactions, there remains just, ca.5 acres for design & build development in plot sizes of 1 acre upwards where land is available on a long leasehold/virtual freehold basis.

Beam Reach can provide employment opportunities on its two main sites at Beam Reach 5 and 8 which total over 100 acres. At Beam Reach 6, a further 17 acres will provide a range of employment and ancillary uses.

For further information of the land opportunities available at Beam Reach go to: the Availability page Kemsley, CB Richard Ellis and North Rae Sanders advised the LDA; Savills advised MJF Data Storage and Wincanton Data Records Management and the Easter Group.

For further information please contact: Terry Druce, Druce PR. Tel: 01935 823 943 terry@drucepr.com