Prologis Park is now Summit Park: Sladen Estates to create 1,000 jobs with £56m Business Park

November 20, 2013 11:02 am

Summit Park

Property developer Sladen Estates has unveiled plans to create a £56m employment park in Ashfield after buying the 45-acre site, saying the project would create up to 1,000 jobs in the area.  Sladen, based in South Normanton, has incorporated Prologis Park in Ashfield into its portfolio and proposes to develop and rebrand the site as Summit Park.

The park, close to junction 28 of the M1, has planning permission in place for business, general industrial use and storage and distribution.  Sladen will build a range of units totalling 900,000 sq. ft. at the business park. Once completed, the park will have an end value of £56m.

Chief Executive, Nick Sladen, said: “This is one of the most important deals that Sladen Estate has been involved in during recent years. Our local knowledge and extensive development expertise will ensure we deliver this scheme in the shortest possible time.  We have had incredible support from the local authority which has been keen to encourage development.”

The developer’s masterplan includes an advanced manufacturing multi-unit scheme offering 100,000 sq. ft. in units from 2,500 sq. ft. to 12,500 sq. ft. The largest single building Sladen will offer at the site is 600,000 sq. ft., with other units of 320,000 sq. ft., 200,000 sq. ft., 80,000 sq. ft., 20,000 sq. ft. to 30,000 sq. ft. and 40,000 to 50,000 sq. ft.

Ashfield District Council Leader, Chris Baron, said: “It is fantastic to see that there is a growing impetus to kick-start development on what we have long known as Prologis Park. This is a real opportunity to generate inward investment with resultant benefits to the local economy and our communities.”

Property agency North Rae Sanders acted for Sladen in the acquisition. Letting agents are North Rae Sanders, CPP and Lambert Smith Hampton. Mike Taplin at Freeth Cartwright in Derby did the legal work for Sladen.

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