Birmingham-based developer Stoford is starting to demolish buildings at its 18-acre Pantheon Park site in Wednesbury, Wolverhampton to make way for a 412,000 sq ft warehouse that could create more than 400 jobs.
The £20 million scheme is being developed as a joint venture between Stoford and Bridges Ventures, a specialist sustainable and impact investor.
Stoford joint managing director Dan Gallagher said: “The site will be ‘oven ready’ and immediately developable from December for occupiers to take units in late 2016.”
Guy Bowden, acquisitions director at Bridges Ventures, said: “By reclaiming this valuable land we can help to meet the clear shortfall in supply of high-quality warehouse space locally, creating hundreds of jobs and hopefully contributing to the regeneration of the area in the process.”
Pantheon Park is close to the M6 Toll, M5, M42 and M54 and is situated in an established location off junction 10 of the M6 via the A454.
Pantheon Park has full planning consent for B1, B2 and B8 uses, making it a very attractive prospect to potential occupiers. The high specification buildings could include a 50-metre service yard, full circulation, 50kN/m2 floor loading, extensive HGV parking, up to 15-metre haunch height and a mix of loading options. There is also space for 231 cars.