The Delta Park scheme is set to deliver two large industrial units of 231,155 sq ft and 307,715 sq ft, on the 30-acre site the two companies have agreed terms to acquire from Mars Petcare UK.
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Delta Park is being jointly marketed by Avison Young and Gerald Eve on behalf of Trebor and Hillwood.
Gerald Eve acted on behalf of Mars Petcare UK on the site disposal, while Trebor and Hillwood were advised by Avison Young on the site purchase.
Greg Dalton, development manager at Trebor, said: “We are delighted to achieve this key milestone for Peterborough’s next major speculative industrial scheme, which continues to see significant demand from a wide range of occupiers.
“The detailed planning is the next step in delivering this exciting project and we anticipate having these units available for occupation in summer 2022.”