Work has begun on the multi-million pound Wolverhampton development targeting the auto sector.
The speculative Steelpark Trading Estate development of about 70,000 sq ft of industrial/warehouse units in Wednesfield, is expected to reach practical completion at the end of the year.
Dominic Goold, managing director of Walsall-based Goold Estates, said: “The Steelpark site, which is adjacent to the Tata Steel Automotive Service Centre, has been vacant and available for development for many years. We acquired it in September last year and we’ve acted quickly to secure planning consent and get the development underway. We expect Steelpark to reach completion at the end of this year.
The site is close to junction 10 of the M6 and four miles south of junction 1 of the M54.”
Finance Birmingham has arranged speculative development finance to help fund the project through the West Midlands Combined Authority Collective Investment Fund CIF.
Colliers International are advising.
