St. Francis Group and its development partners the Richardson family have secured planning approval for a 29-acre scheme to be known as Spectrum Logistics Park in Kings Norton, Birmingham.
The plans envisage a scheme of 400,000 sq ft of logistics/industrial space across 8 units ranging in size from 25,000 to 70,000 sq ft, which St. Francis is looking to build speculatively.
Speaking about the announcement Gareth Williams, Director at St. Francis Group said: “As we move into the build phase, we are continuing to see huge demand for units in this mid industrial box sector and are already marketing the scheme for pre-lets.”
All the units will be built to a BREEAM Excellent rating. Demolition work on site is scheduled to begin in May once the existing occupiers have moved out and the first units will be ready for occupation from September 2022.
This is the third collaboration between the parties following the successful development of nearly 600,000 sq. ft of speculative warehouse space across the region.
Savills and JLL are jointly appointed to market the scheme.