1st February 2023

New letting and final phase released at Exeter’s Matford Green Business Park

Agency & Commercial Development

2023 has got off to a strong start at Eagle One’s Matford Green Business Park in Exeter. A new letting of Unit J2 to Hitachi Construction Machinery UK Ltd (HCMUK) has completed the line-up for Unit J and the final phase of development is now under construction.

HCMUK, a wholly owned subsidiary of Hitachi Construction Machinery Europe, is responsible for the supply of excavators, wheel loaders, parts and servicing to the UK and Irish construction industry.

As part of the on-going expansion of its regional network, HCMUK has completed a lease on its new 8,900 sq ft Exeter branch on a 15 year term.  They join Hayley Group to complete the line-up in the new 22,270 sq ft building.

Karsten Beckmann of HCMUK said: “We identified Matford Green Business Park as the ideal location for our expansion. Eagle One has developed a high quality building which meets our brand guidelines and were able to deliver it.

“The new facility is expected to be operational in April 2023 and will be a significant improvement, with a warehouse and service space over 10 times larger than our previous facility in Okehampton.

“The new depot will also feature a large retail shop, modern offices and a selection of compact size machines on site for purchase.”

Phil Moore of developers Eagle One commented: “The letting of J2 shows the strong demand in the industrial sector for high quality new build space. Hitachi is a household name and one we’re pleased to welcome to the development. This letting reinforces our view that Matford Green represents one of the best locations for occupiers in Exeter.”

Following on from the success of Unit J, Eagle One has now begun construction on the fifth and final phase of development at Matford Green. Unit K1 is a stand-alone high-quality trade counter/industrial / warehouse unit measuring 8,640 sq ft and is available on a leasehold basis.

The 20,000 sq ft unit K2 has been pre-let to a car dealership.  Both K1 and K2 are due to complete in summer 2023.

Noel Stevens, partner at Alder King who acted jointly for Eagle One, added: “The Hitachi team were great to deal with. Everyone involved was on the same page. We worked closely together to agree the contract and completed very quickly after the building’s completion. I’m expecting demand for K1 to be strong given the lack of supply of new build space that persists in the market.”

Tom Watkins, Director at Colliers, who also acted jointly for Eagle One, said: “K1 represents the final phase of the 26-acre Matford Green Business Park. We fully expect to have terms agreed before completion of the building, rounding out a highly successful development.”