LCP has submitted plans to Dudley MBC for phase 1, totalling 130,000 sq ft of speculative development on The Pensnett Estate, Kingswinford, which would provide four blocks of units on land.
The expansion of the estate will provide room for new business opportunities at the site, which is currently home to 170 businesses in over 2.4m sq ft of commercial property.
Andrew Preston, industrial portfolio manager at LCP, said: “We have decided to press ahead with phase 1 of this speculative development due to void levels being so low on the estate, and enquiries for businesses looking to relocate onto the estate being encouragingly high.”
If plans are given the go ahead, work could start as early as Q4 of 2016, with an anticipated completion date of late 2017.
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