Deals sealed on half of trade park’s units
Half of the units being developed at the £5m Chase Trade Park, in Burntwood, Staffordshire, have been snapped up.
Work has already begun on site to build a 10-unit, 51,000 sq ft park on a derelict three-acre site to the west of Cannock Road and north of Robins Road.
Now, LCP, the national commercial property and investment company, part of M Core, behind the scheme, has revealed that 50% of the units have already been signed up, months ahead of completion.
Block A, which comprises 8,625 sq ft, is under offer to a national joinery company, and block D, which comprises 16,400 sq ft, is also being negotiated with an international manufacturing company.
Six units in block B and block C available, which total 26,695 sq ft, with areas from 2,900 sq ft to 6,400 sq ft. The properties are suitable for B2 (general industrial), B8 (warehousing) or E(a) (display or sale of retail goods) use, with a focus on trade counter and heavily customer focused businesses.
Nick Bryson, director (industrial) at LCP, said work was progressing well on site, which is located adjacent to Multipark Buntwood zone 3, which it owns and manages.
“The site has now been cleared and remediated and the footings have already started being poured. We should start to see steels going up at the end of September.” he said.
“We recognised the demand for units of this size in the area a while ago and are pleased to be in the process of finalising new tenants for half of the scheme. That bodes well for the remaining units and we are already in discussions with potential occupiers and hope to make further announcements in the coming weeks.”
The building programme started in July, with an expected practical completion date of spring 2024.
Wainwrights is project manager, architect, and quantity surveyor, while NU Construction Limited has been appointed contractor.