Ground broken on 45,000 sq ft commercial estate
Construction has begun on a 45,000 sq ft mixed-use project at one of Worcestershire’s largest commercial estates.
The Schroders capital team, managing the Schroders Capital UK real estate fund, is developing Hartlebury 45 at Hartlebury Trading Estate.
The aim is to create an operational net zero-carbon building by the summer of 2024, addressing the demand for top-tier industrial space in the West Midlands.
Hartlebury 45 will feature a high-specification warehouse with a 10m internal height, dock and level access doors, and a maximum floor loading of 50kN/m2.
Additionally, it will include fully fitted office space, a 50m yard area, and 61 parking spaces for occupants and visitors.
Rob Cosslett, fund manager at Schroders Capital, said: “Since its acquisition by the Fund in 2013, Hartlebury Trading Estate has become Worcestershire’s premier trading destination – with industrial tenants recognising the site’s best-in-class facilities, and its strong transport connectivity. We are continuing to capitalise on this demand through the development of new and sustainable industrial space at the estate, with the recent commencement of construction works at Hartlebury 45 representing an exciting next step towards this objective.”
Rupert Jeffries of Collingwood Rigby, asset manager for the Estate, said: “We are delighted to have broken ground on this exciting new development further to an extremely positive response to our announcement last month. Confidence in commercial schemes throughout the Midlands has strengthened significantly in recent months and the appetite for high-specification industrial solutions remains consistently strong.
“As one of the prime business parks within the region, Hartlebury Trading Estate is currently experiencing minimal void units, and with sustainability climbing higher upon occupiers’ agendas, we are already experiencing high numbers of enquiries about the opportunity in light of its net zero carbon target, teamed with the Estate’s close proximity to the UK motorway network and its secure business environment.”
