A huge £40million aerospace manufacturing and design centre is set to be built in Gloucestershire for a global aircraft component and systems maker.
Developer and investment firm Barberry Industrial, which controls the 10-acre site at Ashchurch, Tewkesbury, agreed the deal with engineering giant Moog.
The 184,000 sq ft centre of excellence for Moog's Aircraft Controls Segment will be built on the site at the A46, near junction nine of the M5, and will be let out to Moog on a 35-year lease.
The off-market agreement is believed to be one of the biggest deals the industry has seen this year.
An application for planning consent for the new facility will be submitted to Tewkesbury Borough Council this month, with construction expected to start in the first quarter of 2021.
The facility will incorporate engineering and administration offices and is expected to be operational in 2023.
The facility, which could expand to a total of 207,000 sq ft, will be carbon neutral and built to a BREEAM Excellent standard, according to Barberry.
Jon Robinson, development director and shareholder of Barberry Industrial, said: “We are clearly thrilled to be selected as development partner by Moog to deliver the company’s new facility on our prominent site in Gloucestershire.
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“This deal represents an excellent piece of business by Barberry, completed in a competitive situation, and is one of the largest deals this year in the 海角视频 warehouse and manufacturing sector."
He added: "It will bring substantial investment to the region, safeguard the employment of a highly-skilled workforce while creating many new jobs.”
Moog’s Tewkesbury Aircraft Controls Segment operation has a large engineering division housed within its existing facility. It is the town’s largest employer and has operated from the area for more than 40 years.
Mike Dawson, chief executive of Tewkesbury Borough Council, said: “It is great to see one of the largest employers and cutting edge engineering companies in Tewkesbury making a long-term commitment to Gloucestershire.”
The council said it had issued an expression of interest to the Local Enterprise Partnership (LEP) to support the plans with further investment for other infrastructure and road upgrades.
It is the latest in a growing portfolio of industrial, warehouse and manufacturing developments for Barberry, which last year completed several speculatively developed warehouses in the West Midlands and South West.