Property group completes final stage of business park – 11 years after starting
Morris Property is to complete the final plot at its Vanguard Park scheme in Shrewsbury, 11 years after it started developing the business park.
The last parcel of land, a prominent two-acre plot adjacent to a Volkswagen dealership, will provide 21,500 sq ft of trade counter space. The building will be divided into six units of different sizes and made available for sale/ to let.
The company said it had already received significant interest in the scheme, which is scheduled for completion in April 2018.
The 20-acre Vanguard Park provides 205,000 sq ft of space and is home to businesses including Volkswagen Inchcape Dealership, Toolstation, Brandon Tool Hire and Motor World.
Trade counters there have previously sold in lot sizes of between £200,000 and £4m to local and national investors, plus pension funds.
Liz Lowe, Head of Estates at Morris Property, said: “Vanguard is one of the most well-known trade parks in Shropshire and finishing the last plot will be a real achievement for the company. The new development will provide more quality space and complete the final piece of the jigsaw.
“We are excited about this final phase and proud to be associated with a development which has helped other businesses to grow and attract jobs and investment to the area.
“Vanguard Park was developed using a strong design to give a sense of identity with unit sizes to meet modern requirements. We continued building throughout the recession because it maintained its strong appeal to a wide range of occupiers and investors.”
Morris Property is part of a fifth-generation business and owns and lets 900,000 sq ft of space to 200 tenants ranging from retail, offices to industrial units in and around Shropshire.
