Sixty jobs as three stores set to open
Travis Perkins Group has purchased Silverbridge House on the Hambridge Road Industrial Estate and the 0.88-hectare site will be developed into a Wickes store and two other businesses owned by the Travis Perkins Group, yet to be announced.
The development will also include parking for 67 cars and 18 bicycles.
The venture is part of a redevelopment deal structured between Aviva Investors and commercial property experts at Vail Williams.
Vail Williams associate, Charlie Nicholson, said: “This is great news for Newbury’s local economy because it creates jobs, builds on the UK’s economic recovery, and brings fresh investment and activity to the Hambridge Road area of Newbury.
“Before they have even been constructed, the three sub-units are earmarked for Wickes and the wider Travis Perkins Group of companies.
"That’s a very satisfying turnaround for once- empty premises whose layout and structure made it a big challenge in the recent economic environment.
"The industrial estate is perfectly placed for business; it’s near a train station, it’s surrounded by commercial operations, and occupiers can recruit from the skilled workforce in Newbury.”
The application was approved by West Berkshire District Council in June.
Senior property acquisitions manager at Travis Perkins Group, Aqleem Khokhar, said: “This is great news for Travis Perkins and for the wider area as it will bring jobs and business opportunities.”