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industrial estatea purpose-built site designated for industrial and commercial use which is separate from residential accommodation, often located on the outskirts of major urban conurbations close to motorways and other transportation systems. In the main, industrial estates offer low-cost work space for light manufacturing industries and warehouse distribution facilities. A large proportion of the investment in infrastructure and buildings is provided by local authorities. See INDUSTRIAL LOCATION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
industrial estatea formally planned area designated for commercial and industrial use, separate from residential accommodation. Industrial estates initially offered low-cost work space for light and medium-sized engineering companies and warehouse distribution facilities. Such estates may be financed privately or by government. In the UK, current attempts to attract high-technology firms into one convenient area, often referred to as science parks, situated close to university facilities, follow a similar theme.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005