LCP celebrates as Stourbridge scheme fills up
THE owner of an industrial estate in the Black Country is celebrating after signing up their final tenant to bring it to full occupation.
Kingswinford-based London & Cambridge Properties (LCP) handed over the keys to the last available unit on The Stourbridge Estate, Stourbridge, to former Great Britain cycling champion Gavin Pardoe.
He is creating a £200,000 urban recreation centre with indoor BMX and skateboard park.
It is the company’s third industrial estate in a month to become fully occupied. The Grain Estate in Liverpool and The Dunstall Hill Estate in Wolverhampton are now also fully let.
Andrew Preston, industrial property manager at LCP, said: “We are seeing much more buoyancy in the commercial property sector at the moment as businesses become more confident and seek to grow.
“We’ve always been of the opinion that we had to continue to invest across our portfolio so that we were ready for the upturn. The successes we have seen in the last month alone demonstrate that we were right to take the stance.”
Pardoe aims to open unit3sixty in time for the school summer holidays after signing a ten-year lease for the 22,029 sq ft Block F, Bays 5 and 6.
As well as the world championship standard indoor skate park with ramps, rails and jumps, the centre will also house an intermediate level skate park, a mini balance bike course for two to five-year-olds, graffiti art studio, DJ academy, urban dance area, café and shop.
It is hoped that Unit3sixty, which has secured funding from Dudley Council Community Enterprise Fund, Sport England, Charity Bank and The Margaret Westwood Charity, will create up to 12 jobs.
