Plans have been approved for a \u00a335m, 133,500 sq ft urban logistics development in Redditch, expected to create up to 150 new jobs once operational.<\/p>\n
Named Aurora Park, the scheme is being delivered through a joint venture between urban logistics developer and investment manager Chancerygate and global real estate investor Hines.<\/p>\n
It will be located on a 6.4-acre site at the North Moons Moat industrial estate, three miles from Redditch town centre.<\/p>\n
Aurora Park will comprise nine leasehold units ranging from 7,685 sq ft to 22,055 sq ft, with work scheduled to begin in summer 2026 and completion expected by the third quarter of 2027.<\/p>\n
The development will incorporate sustainable design features, targeting EPC A and BREEAM Excellent ratings.<\/p>\n
Each unit will include dedicated yards, car parking, fully fitted first-floor offices, air source heat pumps, electric vehicle charging points, and roof-mounted solar panels to provide occupiers with affordable green energy.<\/p>\n
Nearby occupiers include Amazon, iForce, Lear Corporation, and AMCO, alongside a variety of regional and local businesses. The project is funded by Hines European Real Estate Partners III (HEREP), which has over \u00a31.3bn in equity commitments.<\/p>\n
Rob Watts, Chancerygate development manager said: \u201cWe can now move forward with Aurora Park in a part of the West Midlands where there is strong demand for modern, sustainable business space. There is a clear requirement in Redditch and the wider region for strategically-located accommodation that meets the needs of a broad range of businesses. Aurora Park will provide high-specification units in an established commercial location with excellent connectivity, while also creating up to 150 new jobs.\u201d<\/p>\n
Ross Blair, senior managing director at Hines said: \u201cOur partnership with Chancerygate is approaching its eighth year and during this time we have developed numerous urban servicing facilities in key regional locations across the UK, delivering over one million sq ft of workspace across eight schemes and we are actively looking to grow our pipeline this year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Plans have been approved for 133,500 sq ft of urban logistics space in Redditch <\/p>\n","protected":false},"author":266702,"featured_media":2110422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[127717],"class_list":["post-2110421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-top-story","tag-worcestershire"],"yoast_head":"\n