Drake & Partners

Recent Deal

SOLD ON BEHALF OF STEPNELL DEVELOPMENTS

Ogee Business Park, Wellingborough

6 acres

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Contact: Nicholas Roberts

Tel: 01604 620616

Email: nroberts@drakeandpartners.co.uk

Covanta Europe have agreed terms with Rugby based Stepnell Developments Ltd for the construction of a new £10m aggregate processing plant, which will treat the treat the incinerator bottom ash (IBA) generated by two of its UK energy recovery facilities (ERF).

The plant which will be located on a 6 acre site on OGEE Business Park on Wellingborough’s Finedon Road Industrial Estate, is being constructed by Stepnell and will be operated in partnership with Day Aggregates.

Once complete the site will employ 20 people and it is expected to process around 200,000 tonnes of ‘IBA’ every year from Covanta’s existing facilities at Rookery South in Bedfordshire and Newhurst in Leicestershire. The plant is due to open in early 2024.

Drake and Partners advised clients Stepnell throughout.

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