New development of up to 61,000 sq m (656,620 sq ft) of warehouse/industrial space has received planning consent in Leicester for Boundary Real Estate.

This will become phase two of Charnwood Borough Council’s Watermead Business Park with an estimated 918 permanent jobs to be created as well as a further 447 temporary positions.

The 76.77-acre site is part of Raynsway’s portfolio, acquired by Boundary in 2022 and is located 3 miles north of Leicester City centre.

Mike Morrison, Founding Partner of Boundary, says: “At Boundary we strive to regenerate and reposition our investments to create sustainable space/accommodation for our tenants to thrive within.

“We have been working extremely closely with Charnwood Borough Council, Leicester City Council, The Mayor and various regeneration groups, along with our design and planning team, to develop a regeneration that not only provides jobs and growth for the region but is also an exemplar in environmental terms.”

A BREEAM Excellence rating is targeted with EV charging ports and electric bikes as part of the schemes travel plan encouraging sustainable travel.

Mike added: “The new development will aim to set best-in-class embodied carbon targets for all the buildings being developed. By focussing on construction methods, we can target Watermead as a Net Zero Carbon development from a construction standpoint and ultimately in use too.”