Second and final phase of Redditch Gateway scheme starts
Stoford has begun the second and final phase of development at a multimillion-pound logistics and manufacturing scheme in the West Midlands.
Two new Grade A warehouse buildings will deliver almost 450,000 sq ft of logistics accommodation at Redditch Gateway, near Junction 3 of the M42, south of Birmingham.
The prime logistics assets have been forward funded by specialist European independent real estate investor Blackbrook, which will acquire the freehold interest in both new developments upon their completion in Q4 2023.
The new units will comprise 160,208 sq ft and 286,328 sq ft respectively and are being built on the southern parcel of the 78-acre Redditch Gateway site.
Winvic Construction has been appointed as contractor to deliver the works.
Stoford joint managing director Dan Gallagher said: “We are developing two highly specified logistics assets with Blackbrook, that will offer significant benefits to occupiers in terms of connectivity, power supply and future-proof ESG credentials.
“Redditch Gateway is an exciting logistics manufacturing development in a key distribution area that is serving demand in a supply constrained regional marketplace.”
Jon Strang, managing director of Blackbrook, said: “We’re delighted with Stoford’s progress on this project and to be closer to bringing two new logistic facilities to the market. Both assets boast a high power supply and are being built to the highest sustainability standards, making them high in demand and perfectly aligned with Blackbrook’s strategy to develop future-proof supply chain infrastructure.”
