Centric, Gunnels Wood Road, Stevenage

Project Overview

Development Partner
Legal & General/IPIF

Centric, Gunnels Wood Road, Stevenage

Asset Class
Logistics & Industrial

3.65 acres/74,000 sq ft gross external area in 4 units

Acquisition and new speculative development

Taurus Developments and Legal & General are working in partnership for our debut development project together.

The site was purchased in May 2022 and comprises 3.65 acres, set within the established and principal employment area of Gunnels Wood Road.

The site is being developed on a speculative basis in four units ranging from 9,760 sq ft – 25,930 sq ft with practical completion scheduled for Q2 2024.


  • September 2021
    Acquisition exchanged
  • December 2021
    Detailed planning application submitted
  • April 2022
    Resolution to grant detailed planning permission
  • May 2022
    Acquisition completed
  • April 2023
    Planning Permission granted
  • May 2023
    Demolition completed
  • July 2023
    Main build construction commenced
  • April 2024
    Scheduled date of practical completion

Live web cam and timelapse footage

LaSalle Investment Management has worked successfully with Taurus over the last four years and in that time Michael Gibbens has delivered two very successful schemes. Michael is extremely pragmatic in his approach and brings considerable experience, knowledge, skill and professionalism; optimising a project outcome and delivering significant value. He is also a trusted partner and it has been a pleasure working with him.

Andrew Derry

Development Director, LaSalle Investment Management
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