Funding secured for first development at £200m Redditch Gateway scheme

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Stoford has agreed a deal with Royal London Asset Management  to fund the delivery of the first unit of a £200 million logistics and manufacturing scheme near Redditch.

The commercial property developer is constructing a new 366,000 sq ft warehouse building to the north of the 78-acre Redditch Gateway site, near Junction 3 of the M42.

Redditch Gateway will deliver up to one million sq ft of office, logistics, and manufacturing accommodation. It has capacity for two additional build-to-suit units of between 150,000 sq ft – 250,000 sq ft, including office space, a secure yard, and parking, with a total space of c.450,000 sq ft.

Dan Gallagher, Joint Managing Director, Stoford said: “There is huge pent up demand for logistics and manufacturing accommodation of this size and quality in the West Midlands. Redditch Gateway lies in a strategically important part of the region and can become a key employment location, attracting new jobs and investment.”

Stoford has been appointed as development partner for Redditch Gateway, working alongside the two landowners, The Gorcott Trust and Homes England.

Redditch Gateway is being marketed by Burbage Realty, Colliers International and Savills.
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