£4.5m Shropshire business park development gets underway
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The development at Hadley Park, Telford will provide 63,000 ft² of light industrial space.
The 26 units, ranging from 1,548 sq ft to 15,060 sq ft, are being built on land fronting the A442 Queensway giving the development its name: Access442.
Leading Shrewsbury-based developer Morris Property, a fifth-generation family business group with a 225-strong property portfolio, is developing the £4.5m scheme that aims to attract jobs and investment to the location.
It acquired the five-acre site from the Homes and Communities Agency and Telford & Wrekin Council and the first phase is expected to be completed in Q1 2020 when units will be available for lease or for sale.
This follows previous projects for the council including business parks such as Vanguard in Shrewsbury.
“It is a great location to attract business investment and jobs in a growth area which has benefitted from huge investment by Telford & Wrekin Council,” said Liz Lowe, head of estates at Morris Property.
“The site is easily accessible with good communication links to the M54 motorway. We believe it will attract interest from local, regional and national businesses.
“There are few units of this quality available for sale in Telford which is sure to add to Access442’s appeal.”
Matt Tilt, industrial agency director at Lambert Smith Hampton’s Birmingham office, and Alex Smith, of Andrew Dixon & Company in Telford, have been appointed joint agents for Access442 for their regional and local expertise.