A Dudley business park is to see an extra 260,000 sq ft of speculative warehouse and industrial units.
London & Cambridge Properties (LCP) has announced plans to extend Pensnett Estate, Kingswinford, by building 260,000 sq ft of speculative floorspace.
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 to the rear of its headquarters on First Avenue.
The estate is one of the largest secure business estates in Europe, and home to 170 businesses in over 2.4 million sq.ft of commercial property. If the authority’s planning committee gives the development the go ahead, work could start as early as Q4 2016, with an anticipated completion date of late 2017.
Andrew Preston, industrial portfolio manager at LCP, said this substantial investment would enable businesses looking for industrial or warehouse units of 10,000 sq ft and above to move into premium buildings on an established, secure estate.
“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,” he said.
The Black Country Local Enterprise Partnership (BCLEP) is backing the plan.