Plans have been approved for a multi-million pound industrial and warehouse scheme that is set to generate significant employment opportunities in the West Midlands.
Commercial property developer, Stoford Developments and specialist sustainable and impact investor, Bridges Fund Management, will develop four Grade A industrial/warehouse units at Pantheon Park in Wolverhampton, after planning consent was granted by the City of Wolverhampton Council.
Work will start next month on the four units, which vary in size from 30,000 sq ft to 82,850 sq ft, with practical completion scheduled for November 2019. A&H Construction has been appointed as contractor.
Stoford and Bridges Fund Management recently secured a £23mn funding agreement with Royal London Asset Management for the development of the 18-acre site in Wednesfield, which is expected to create in the region of 250 jobs once fully occupied.
The Pantheon Park development will be officially launched to an audience in the region of 45 property professionals from the West Midlands industrial market on the 6th February. The launch event will feature guest speaker and England Rugby World Cup winning captain, Martin Johnson.
Angus Huntley, Development Manager, Stoford Developments, said: “Pantheon Park is a high-quality development that will appeal to local and national occupiers and create job opportunities for people in the Wolverhampton region. We’ve worked hard to get the site ready for development following an extensive programme of remediation and demolition, supported by a loan of over £2 million by the Black Country LEP and are excited at the prospect of work starting on site this month.”
Pantheon Park is situated in an industrial and logistics location just two miles from Wolverhampton city centre, four miles from M6 (J10) via the A454, and three miles from Junction 1 of the M54. The site also benefits from its close proximity to the M6 Toll, M5, M54 and M42 motorways.