A ‘significant’ number of jobs could be created after electronics giant Bosch revealed one of its firms is to invest £89m in its new logistics warehouse in Corby.
BSH Home appliances has exchanged contracts on a unit at the new Midlands Logistics Park on the junction of Geddington Road and the A43, subject to planning consent.
The unit will be become the BSH’s national distribution centre and will be its largest distribution site in the UK.
BSH Home Appliances Limited is part of the Bosch Group which is the largest manufacturer of home appliances in Europe with brands that include Bosch, Gaggenau, Neff and Siemens.
It will be adjacent to the pre-let Eddie Stobart Limited property on the Midlands Logistics Park (MLP) which is having a new roundabout built to accommodate the extra traffic it will create on the A43.
MLP is capable of potentially accommodating approximately 5 million sq ft of logistics space and benefits from a 500-metre rail siding and yard for a potential future connection onto the rail freight network.
It is expected there will be dozens of jobs created during the construction phase of the building, which is due for completion in Autumn 2019.
BSH will then take on a new 10-year lease and a significant number of jobs will be created for local people.
Corby is already a logistics capital - with Matalan, Smyths, Wincanton and Morrisons having large bases in the borough.
Colin Godfrey, partner of Tritax, said: “We are very pleased to be investing in this new distribution centre for a new customer, BSH, whose home appliance products include the Bosch, Gaggenau, Neff and Siemens brands.
“This transaction also provides the Company with further exposure to an emerging well-connected East Midlands logistics park south of Corby. This off-market investment adds to our portfolio’s core foundation income and offers good potential for rental growth.”