Ground broken on second phase at Symmetry Park, Rugby
“Development of new industrial space built to the highest environmental standards like this scheme is really important for the Warwickshire area."
Representatives from Rugby Borough Council, Invest in Warwickshire, Tritax Symmetry and Winvic Construction gathered on site at Symmetry Park Rugby to mark the official start of work on the next phase of development.
The second phase of development follows Tritax Symmetry’s successful pre-letting of one million sq. ft. of industrial space to Iron Mountain, which was named Industrial Agents Society (IAS) Deal of the Year (over 250,000 sq. ft.) 2023. The four buildings will form Iron Mountain’s first UK campus to offer its wide range of storage and information management services.
Tritax Symmetry is bringing forward three high quality logistics units ranging from 170,473 sq ft up to 390,694 sq ft. All three will be built to net-zero carbon in construction standards and will target BREEAM Excellent and EPC A+, providing state-of-the-art logistics space. They are set to complete in Autumn 2024. Colliers International and ILP Partners (ILP) are the marketing agents for Symmetry Park Rugby.
Joseph Skinner, Associate Development Director at Tritax Symmetry, commented: “The current market demand in this strategic industrial location remains extremely robust, supported by Iron Mountain launching its UK campus here. We look forward to launching the three new units to market and securing some exciting new occupiers to the area.”
Ian Flynn, Inward Investment Manager at Invest in Warwickshire, said “Development of new industrial space built to the highest environmental standards like this scheme is really important for the Warwickshire area to continue to perform well in attracting investment from UK and overseas businesses, and deliver the positive impacts that has on local supply chains and employment.”
Extending to 111 acres in total, Symmetry Park Rugby has an outline planning permission to deliver up to two million sq. ft. of logistics floor space. Situated on the M45/A45 strategic highway link, the site is located at the heart of the logistics ‘Golden Triangle’ network, an established distribution and manufacturing location. The site forms part of the wider South West Rugby Urban Extension, which is due to provide up to 5,000 new homes.