£5.5m transport infrastructure project paves the way for major business park development
Work has completed on a £5.5m transport infrastructure project that will pave the way for a major new business park development near Redditch.
Stoford Developments has delivered infrastructure works and a signalised traffic junction at the 78-acre Redditch Gateway site off Gorcott Hill and the A4023 Coventry Highway.
The project will open up approximately 35 acres of development land on the northern side of the site within the Bromsgrove district, in Worcestershire, and a further 27 acres to the south, which sits in the Stratford-on-Avon district, in Warwickshire.
The works were completed by appointed contractor Fitzgerald Contractors.
Redditch Gateway is a £200m build-to-suit logistics and manufacturing scheme that will deliver up to one million sq ft of brand new office, logistics and manufacturing accommodation.
Steelwork has been erected and cladding has been installed on Unit A, a 366,000 sq ft warehouse building to the north of the site. Construction of the building, which has been pre-let to a multinational retailer, is set to be completed in Q3 2021.
Redditch Gateway has capacity for two additional build-to-suit units of between 150,000 sq ft – 250,000 sq ft, with integral office space, secure yard space and parking.
Dan Gallagher, joint managing director, Stoford Developments, said: “Redditch Gateway is an exciting development in a strategically important West Midlands location, just a few miles from the M42. There is huge pent up demand for industrial/logistics accommodation of this size and quality in the region and our significant investment in the development of the infrastructure and junction works is the first step in realising our vision for this landmark scheme. We are very pleased to have completed this phase of the project and look forward to delivering the first unit this year.”
Redditch Gateway is located on the eastern fringes of Redditch, just 2.5 miles from junction 3 of the M42 and 18 miles from Birmingham Airport. The site falls into two local authority areas, Stratford-on-Avon in Warwickshire to the north and Bromsgrove district to the south.
Based in a key distribution area of the Midlands, the site is adjacent to local occupiers including iForce John Lewis, Lear Corporation, UK NSI, Thorlux Lighting and Huegli UK.
Stoford has been appointed as development partner for Redditch Gateway, working alongside the two landowners, The Gorcott Trust and Homes England.
The development is being supported by £1.8m investment from the Worcestershire Local Enterprise Partnership’s Growing Places Fund and grant support from Greater Birmingham and Solihull Local Enterprise Partnership.
Redditch Gateway is being marketed by Burbage Realty, Colliers International and Savills.