350,000 sq ft warehouse development to create 500 permanent jobs once complete
PLP has acquired a 17-acre development at Stone Business Park in Stafford, at which it will develop a 350,000 sq ft logistics warehouse unit.
100 jobs are expected to be created during the construction phase and more than 500 new permanent jobs once the scheme is occupied. The completed and occupied scheme will also contribute an additional GVA of £24.5 million annually to the local economy.
The new unit named PLP Stafford, will be a redevelopment of a redundant data centre and transformed into a high-spec warehouse with over 20,000 sq ft of offices.
The scheme will also include a service yard up to 67m deep and a car park with more than 300 spaces.
Keith Wilson, Development Director at PLP commented: “This is a great opportunity for PLP to bring this prominent and accessible employment site back into beneficial use. We’ve worked hard to design a fantastic, highly specified scheme that will appeal to the broadest range of occupiers but at the same time sit well within the surrounding environment.”
A detailed planning application for the proposal was submitted to Stafford Borough Council earlier this month. Following planning approval and demolition of the existing building on-site, construction will commence later this year with completion scheduled for Q2 2023.
The scheme aims to achieve a BREEAM Excellent rating and will adhere to the UK Green Building Councils Net Zero Buildings Framework.
PLP’s carbon net-zero framework combines construction with design, to enable future occupiers to achieve net-zero operation by utilising built-in renewable energy features and procuring appropriate renewable energy supplies. This includes the use of solar photovoltaics, air source heating and cooling, LED lighting and electric car charging points.
Ajay Phull, Head of Investments UK at Ivanhoé Cambridge, said: “The acquisition of PLP Stafford forms part of our continued investment into the UK logistics sector. This acquisition aligns with our global strategy, with the logistics sector being one of our highest conviction themes.”
WSP are the planning consultants for the scheme. Knight Frank and Avison Young have been appointed as joint leasing agents.