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Firethorn Trust is looking to build a 500,000sq ft logistics park in Peterborough with plans to open it in the summer of 2022.

The £60m Kingston Park development is expected to create 150 jobs, according to the company.

Peter Mather, a partner at Firethorn Trust, said: “Peterborough is one of the fastest growing cities in the UK and has developed into a significant regional commercial location due to its excellent road connectivity and strong labour supply.

“Our plans to develop a highly-specified logistics park are designed to boost investment within the region, as we look to meet increasing occupier demand for quality, modern and sustainable midbox spaces, as well as drive employment opportunities for the local community.

Mather added: “2020 created unique challenges throughout the industrial sector and we are proud to starting the year on such a positive note by bolstering our rapidly growing logistics portfolio.”

This latest plan follows a number of other applications to build logistics site around Peterborough.

Last November plans were unveiled for a £55m development at the former Mars Petcare site in Shrewsbury Avenue, Woodston, creating 100 plus jobs followed by proposals for a 200,000sq ft development at Maskew Avenue which is also expected to create more than 100 jobs.

Last month, Peterborough City Council gave planning permission to an industrial development at Red Brick Farm, in Fengate, which is expected to create 3,000 jobs.