National developer St. Modwen has submitted a planning application for the final phase of development at Albion Gateway, which includes up to 87,600sq ft of commercial space.
The Burton-upon-Trent-based scheme has already secured two tenants. Door & Joinery Solutions is set to take up 9,145 sq ft, while MKM Building Supplies will take 13,400sq ft, meaning 25% of the space has been snapped up ahead of building work commencing this June.
The remaining 65,055sq ft will be available to let or buy, with 17 units, ranging from 2,500 – 24.470 sq ft, expected to be completed by early 2019.
Ian Romano, Head of Commercial, Midlands and North, at St. Modwen, said: “There’s a clear need for more commercial space in well-connected areas – as evidenced by how quickly two tenants have come on board, and the fact that the commercial space we outlined in phase one of the development is now at 100% occupancy.
“This extra space is in a prime location and feeds into St. Modwen’s ongoing strategy to identify and maximise sites that are ripe for commercial development”.
Paul Rushton, director at Rushton Hickman Limited, said: “There is a shortage of supply of good quality, modern industrial and warehouse premises in Burton-on-Trent and this offers an excellent opportunity to satisfy current demand. It is particularly encouraging that the units will be offered for sale as well as to let, giving a choice of options to occupiers.
“We experienced good demand for the first phase of the development and we expect a similar response for the new development once we commence our marketing shortly”.
Albion Gateway is a mixed-use site covering 10 acres of land, with close proximity to major transport links, including the A38, A50 and A511.