300 jobs to be created as industrial park gets the go-ahead

Goold Estates

Goold Estates has secured planning approval for the regeneration of a vacant brownfield location in Wolverhampton, paving the way for the construction of 166,500 sq ft of new industrial and distribution facilities.

The property investment and development firm will undertake the development of a 12-acre area within the Bilston Urban Village employment site, located off Brook Street in Bilston.

Called Foundry Park, the £28m project has the potential to generate up to 300 jobs upon completion. It will feature 15 new warehouse units ranging from 2,500 to 60,000 sq ft. Remediation work is anticipated to commence on site shortly, with primary construction slated for 2025.

Goold Estates, the chosen developer for the Bilston Urban Village employment site appointed by the City of Wolverhampton Council, acquired the land from the council.

The units will prioritize BREEAM Excellent standards and will include features such as photovoltaic roof panels and electric vehicle charging capabilities.

The WMCA Board has agreed in principle to make a multi-million-pound investment to help kick-start the project, to help cover the cost of cleaning up the site and making it fit for redevelopment.

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