LCP to build 50,000 sq ft speculative unit at Burntwood Business Park
Black Country property group LCP has unveiled plans for a new speculative development in Staffordshire.
The 50,000 sq ft development will be on Zone 3 of the Burntwood Business Park. Permission for the project has been granted by Lichfield District Council.
LCP said the move followed an increase in enquiries from firms looking for industrial and trade premises in the town.
Andrew Preston, LCP industrial portfolio manager, said he was confident firms would be attracted to the business park because the units would be available in multiples of 10,000 sq ft.
“We have very low levels of voids there and the level of enquiries we are receiving from businesses that want either to relocate to Burntwood or who are already there and want to expand suggests that there will be a demand for them,” he said.
“We are offering flexibility in the size of units available, which makes it an even more attractive prospect.”
LCP intends to start on site later this year with an anticipated completion date of summer 2018.
The new buildings, which will be steel portal frame construction with minimum eaves height of 23ft (7m), will be tailored to meet occupier requirements.
LCP owns Zones 2, 3 & 4 of Burntwood Business Park, which has more than 80 units and extends to 765,000 sq ft of commercial space.
The park, situated between Cannock and Lichfield, counts Ebrex UK, Staffordshire Signs & Graphics, Emak UK, Gradient Flat Roofing and Uniseal amongst its current tenants.
