New 20-acre industrial development planned for Redditch

New 20-acre industrial development planned for Redditch

Property development & investment group, St Francis Group, has today announced plans to transform a former industrial wasteland into a new logistics and industrial development on the M42 Birmingham logistics corridor.

The former Redditch Tubes site on Old Forge Road will be transformed into industrial warehouse units totalling nearly 400,000 sq ft on a 20-acre site close to Junction 2 M42.

St Francis development director Gareth Williams said: "The site was acquired in May of this year. Ground works began almost immediately and will be complete in time for Christmas. That means that construction could start very early in 2017 with new units available for occupation by the autumn of that year.

"There is a large and established manufacturing and logistics sector in Redditch with well-known businesses including Lear Corporation, Pilkington, Halfords, Toolstation and Heller.

"The site is also close to several major JLR sites, so we’d expect strong interest from companies in their supply chains as well as other logistics and distribution operators.  With so little available stock in the local area, we are pleased to finally be able to bring forward such a well located site that can so quickly meet the requirements of occupiers struggling to find suitable new space."

Director Carl Durrant of JLL’s Birmingham Office, letting agents for the scheme said: "This development represents the largest readily available Industrial opportunity south of Birmingham on the M42.  Redditch has few voids and demand within the area for good quality industrial buildings is strong."


Click below for more regional business news