£20M Redditch warehouse ready

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Joint venture partners Terrace Hill and Stoford Developments have completed REDD 42 – the £20m distribution facility off Junction 3 of the M42 near Redditch.

The speculative development provides 227,000 sq ft of warehouse space on a 12.2 acre site with access to the M42.

Stoford director Dan Gallagher said: “We are seeing strong interest in the site from several parties, including logistics and internet trading companies, so we anticipate a successful disposal in the near future.”

Philip Leech, Terrace Hill’s managing director, said: “We have combined our national strength with Stoford’s expertise. The excellent progress on this project is a credit to all concerned in its conception and development.”

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