£28m Black Country logistics development proposed
Goold Estates has submitted plans to revitalise a vacant brownfield site in Wolverhampton, potentially generating up to 300 jobs.
The Oldbury-based property investment and development company has submitted a planning application for the development of a 12-acre plot at the Bilston Urban Village employment site, off Brook Street in Bilston.
The proposal outlines the development of 166,500 sq ft of new industrial/distribution warehouse accommodation, featuring 15 units ranging from 2,500 to 60,000 sq ft to cater to various uses.
Pending planning approval, construction could begin as early as spring 2024.
Goold Estates, the City of Wolverhampton Council’s designated developer for the Bilston Urban Village employment site, recently acquired the land from the council.
The plans constitute the final phase of development on the site, with a gross development value of £28m.
Dominic Goold, managing director of Goold Estates, said: “We are very pleased to bring forward plans for Bilston Urban Village, and are excited at the prospect of delivering our second speculative scheme in Wolverhampton in recent years. We’re based locally, we know the market well and we believe this multi-unit employment development will attract a high calibre of occupiers, creating as many as 300 new jobs.
“There has been an intent to develop this site for some time but it has been vacant for more than 15 years, which gives an idea of its complexity. The industrial legacy of the site requires extensive remediation and we’ve put a lot of time and effort into planning that during the pre-application process with the City of Wolverhampton Council. We look forward to working with the Council to take these proposals forward and commence development of the site in early 2024.”
Cllr Stephen Simkins, City of Wolverhampton Council Leader, said: “We welcome this planning application for the development of this wider site by Goold Estates. It is another milestone for Bilston Urban Village, where we have realised our vision of creating hundreds of new affordable homes for families. With that, we need more good jobs.