Staffordshire development could lead to 1,700 new jobs
Up to 1,700 new job could be created by plans for a major new business development in Staffordshire.
Plans from West Midlands-based developer St Modwen would see 677,000 sq ft of new industrial, storage and distribution premises being built, starting early next year.
It has now submitted a detailed planning application for the first phase of development at its 35-acre site, east of junction 10 of the M42, known as Tamworth Logistics Park.
The application outlines the first phase of 90,000 sq ft which comprises three units from 12,375 sq ft up to 49,000 sq ft.
Gregg Titley, development director at St Modwen, said: “Based on the 10-year average take up for new warehouses in the West Midlands the amount of space available will be gone within one year. The development at Tamworth Logistics Park will therefore deliver much needed accommodation in a strategic location on the M42 corridor for both distribution and manufacturing companies.”
Ranjit Gill, director at property agency Savills, said: “Demand for well-located industrial/warehouse property remains strong with a limited supply of such accommodation being built across the region. Tamworth Logistics Park will offer the ideal mix of buildings to meet local, regional and national demand and we already have some good early interest.”
Tamworth Logistics Park is part of St. Modwen’s growing focus on the development of industrial and logistics sites in areas of high demand across the UK. The company says it has identified 7.5m sq ft of high quality industrial and logistics projects deliverable over the next few years. During 2017 the company expects to develop 1m sq ft of industrial and logistics space across its UK portfolio, with 50 per cent already sold, let or pre-let.
As part of the Tamworth development, St Modwen will create a new access off Trinity Road to service the site. A substantial area of existing open space to the south-west of the site will also be retained, providing natural wildlife habitats.
Subject to planning, work is due to start on the site during the first quarter of 2018.
The application follows the recent launch of the 153,000 sq ft unit known as CP153 at St Modwen’s Centurion Park near o Tamworth Logistics Park, which could create up to 200 additional jobs in the area.