Barkby Group exchanges contracts on Huntingdon site

Barkby Group announced on Friday that the site in Huntingdon, Cambridgeshire, referred to in its AIM admission document on 19 December, has progressed from being in legal negotiations to having exchanged contracts.

The AIM-traded firm had proposed that it would develop a 43,410 square foot mixed-use development trade and retail scheme, with a national builders merchant anchoring the site.

Under the proposed development, the Huntingdon site had an estimated gross development value of £10.7m.

“I am delighted to have exchanged contracts for this site in Huntingdon,” said executive chairman Charles Dickson.

“The site is well positioned to benefit from the development and economic growth of the Oxford Cambridge corridor.

“We are seeing strong demand from both the retail and employment sectors and pre-lets will be secured before work starts on site.”