Multi-million pound industrial regeneration scheme set to create hundreds of jobs
A massive regeneration scheme in the Black Country planned to create up to 500,000 sq ft of prime warehouse and industrial space is underway.
The redevelopment of Vaughan Park in Tipton could ultimately support hundreds of new jobs.
CEG secured planning permission for the regeneration and is now managing the speculative development of the first phase of units.
The first phase will consist of up to five units totalling 80,000 sq ft. The first of these will be ready for occupation later this year.
Further Design and Build opportunities of between 5,000 and 200,000 sq ft are being made available on the site.
Lawrence Escott, Investment Manager at CEG said: “This is a buoyant West Midlands commercial location, benefitting from exceptional transport links and a large, skilled workforce.
“There is a significant lack of quality industrial floor space in the area and this first phase will deliver high quality space designed to meet the market demand from small to medium sized businesses.”
The new units will be built to a high specification, with 8 metre internal heights, separate yard and parking in a landscaped environment. Environmentally friendly, they will be BREEAM Very Good rated and benefit from 24-hour security, CCTV and gatehouse entry.
CBRE and Bulleys have been appointed as joint agents to market the site.
Stuart Mair, from CBRE, said: “The increase in occupier demand across all size ranges in the West Midlands over the last few years has been prevalent.
“The speculative construction of these high quality industrial and distribution units by CEG means that Vaughan Park is perfectly poised to meet this demand and offer both local and regional occupiers the opportunity to grow their business’ in a secure, well designed and well-located environment.”
Vaughan Park
More articles in
Sectors
