Multi-million pound plan for Wolverhampton industrial estate
Multi-million pound plans for a speculative development of a range of industrial and warehouse units at a key Wolverhampton site have been unveiled by commercial property company Goold Estates.
The development, which has received planning consent from Wolverhampton Council, is expected to attract investment and generate dozens of new jobs
Construction of the Steelpark Trading Estate development of around 70,000 sq ft of industrial and warehouse units at Steelpark Way and Bearing Drive, Wednesfield, is due to start this month.
The 8.5-acre site has 4.5 acres of developable land and four acres of wetland, which is home to great crested newts, a protected species.
Walsall-based Goold Estates is working closely with Natural England.
It is believed this will be the first industrial development under updated legislation on newts.
Dominic Goold, managing director of Goold Estates, said: "It's great to see progress being made at Steelpark and we are looking forward to delivering a high-quality development which will attract investment and jobs to the region.
"The 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 now, less than nine months later, we are ready to start construction.
"All of the units are being built speculatively, for sale or lease, because we are confident there is a strong demand in the market.
"These will be high-quality industrial units in a sought-after location with excellent access to the motorway network."
Councillor John Reynolds, city economy boss, said: "There is £3.7 billion of investment on site or in the pipeline in the city of Wolverhampton and this is another boost for our regeneration plans."
