New developments can offer higher specifications and expansion potential. Established Parks can offer proven access, operating history and immediate occupation. The right answer depends on the business timetable and specification.
Advantages of new development
- Modern clear heights and loading design
- Energy-efficient systems
- Purpose-designed yards
- Potential for customisation
- Expansion planning
- Contemporary security and estate management
Advantages of established Parks
- Known operating environment
- Existing transport patterns
- Immediate or faster occupation
- Established utilities
- Existing labour and supplier network
Development risk needs to be managed
Delivery dates, approvals, service capacity, final specifications and lease commencement triggers should be documented clearly.
Gordon's perspective
A development is valuable when it solves a real operational requirement better than available stock. The specification and delivery programme must be as important as the marketing concept.
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Compare The Brickworks, Northfield, Ushukela, Cornubia Ridge and established industrial Parks.