Developer secures planning for industrial and logistics scheme
Stoford has secured planning consent for the speculative development of almost 450,000 sq ft of industrial and logistics accommodation near Redditch.
The developer will build two new warehouse units at Redditch Gateway, a multimillion-pound logistics and manufacturing scheme off the A4023 Coventry Highway.
The new net zero carbon units will comprise 160,208 sq ft and 286,328 sq ft respectively and will be developed on the southern side of the 78-acre Redditch Gateway site.
Construction of the new units is expected to begin imminently, with work likely to be completed in autumn 2023.
Dan Gallagher, joint managing director of Stoford, said: “We are very pleased to have gained approval for the second phase of development at Redditch Gateway, which will meet a growing demand from regional occupiers. When complete, the scheme will deliver almost one million sq ft of highly sustainable new and high quality office, logistics and manufacturing accommodation and provide support to the local economy through new jobs and investment opportunities.”
Stoford is lead developer for Redditch Gateway, working alongside landowners, The Gorcott Trust and Homes England.
The scheme is being supported through a blend of grant and loan funding of £1.7m from Worcestershire Local Enterprise Partnership (WLEP) through its Growing Places Fund and a £1.8m grant from Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP).